Airline Temporary Services (ATS) pays employees monthly. Payroll information is listed below for January, the first month of ATS's fiscal year. Assume that none of the employees exceeds the federal unemployment tax maximum salary of $7,000 in January. Salaries expense Federal and state income tax withheld Federal unemployment tax rate State unemployment tax rate (after FUTA deduction) Social Security (FICA) tax rate $430,000 86,000 0.80% 5.40% 7.65% Required: Record salaries expense and payroll tax expense for the January pay period. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No 1 Date January 31 General Journal Payroll Tax Expense Debit Credit 59,555 Unemployment Tax Payable Unemployment Tax Payable FICA Tax Payable 23,220 3,440 32,895 2 January 31 Salaries Expense 430,000 Employee Income Tax Payable 86,000 FICA Tax Payable 32,895 Salaries Payable 311,105