Brian Blaze, the only employee of Midas Manufacturing, receives an hourly wage of $16, with any hours worked during the week in excess of 40 hours paid at 1.5 times the regular rate. Payroll data for the current week (unless otherwise specified) are as follows: Hours worked Federal income tax rate Cumulative/Aggregate earnings for the year (prior to this week) Social security tax rate (on a maximum of $100,000 of aggregate earnings) Medicare tax rate (on all earnings) State unemployment compensation tax rate (on the first $8,000 of aggregate earnings) 47 15% $7,600 6% 2% 3% Federal unemployment compensation tax rate (on the first $8,000 of aggregate earnings) 1% Required: 1. Prepare the journal entry to record the accrual of wages expense for the pay period covering the current week, ignore date and journal entry descriptions. If necessary, round all figures to two decimal places. 2. Prepare the journal entry to record the accrual of payroll tax expense for the pay period covering the current week, ignore date and journal entry descriptions. If necessary, round all figures to two decimal places.