Arena Company provides health insurance to its employees that costs $15,500 per month. In addition, the company contributes 3% of the employees' $155,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:

	Debit to Employee Retirement Program Payable $4,650.
	Debit to Medical Insurance Payable $15,500.
	Credit to Employee Benefits Expense $15,500.
	Debit to Employee Benefits Expense $20,150.
	Credit to Employee Benefits Expense $20,150.