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 $550,000 110,000 Federal unemployment tax rate 0.80 State unemployment tax rate (after FUTA deduction) FICA tax rate (Social Security and Medicare) 5.40% 7.658 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.) No 1 Date January 311 Salaries Expense O Answer is not complete. General Journal Debit Credit Income Tax Payable FICA Tax Payable Salaries Payable 2 January 311 Payroll Tax Expense FICA Tax Payable Unemployment Tax Payable - Federal Unemployment Tax Payable - State: 1600 0000 550,000 110,000 42,075 550,000 42,075 4,400 29,700