3) A company has one employee. The employee earns $12,000 for the month of January. The federal income tax rate is 15%. FICA - social security tax rate is 6.2% and FICA - Medicare tax rate is 1.45%. The Federal and state unemployment tax rate is 0.8% and 4.0%, respectively on the first $7,000. The employee also wants the company to withhold $40 for the union dues, and $20 for Red Cross. Required: a) Prepare the company's journal entry to record the January payroll. b) Prepare the company's journal entry to record the January payroll tax expense. (25%)