Arrow Systems offers its employees free medical, dental, and life Insurance coverage. It also matches employee contributions to a voluntary retirement plan up to 6% of their salaries. Assume that no employee's cumulative wages exceed the relevant wage bases. Payroll information for the bi-weekly payroll period ending January 24th is listed below. Wages and salarios Employee contribution to voluntary retirement plan Medical insurance premiums Dental in arance premium Life insurance premium Federal and state income taxes to be withheld FICA tax rate Federal and state unemployment tax rate $1,000,000 60,000 25,000 6.000 7.000 205,000 Required: 1., 2., & 3. Record the necessary Journal entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet