18. The following information about a company is as follows: Total payroll was $2,760,000. $480,000 of the $2,760,000 represented amounts paid in excess of $118,500 to certain employees. The amount paid to employees in excess of $7,000 was $2,160,000. Income taxes withheld were $675,000. The state unemployment tax is 1.2% The federal unemployment tax is .8% The F.I.C.A. tax is 7.65% on an employees salaries and wages up to and including $118,500 and 1.45% in excess of $118,500. Using the attached T-account template: (a) Prepare the journal entry for the salaries and wages paid. (b) Prepare the entry to record the employer payroll taxes. Label the entries a or b