During January, Luxury Cruise Lines incurs employee salaries of $1.6 million. Withholdings in January are $122,400 for the employee portion of FICA, $240,000 for federal income tax, $100,000 for state income tax, and $16,000 for the employee portion of health insurance (payable to Blue Cross/Blue Shield). The company incurs an additional $99,200 for federal and state unemployment tax and $48,000 for the employer portion of health insurance. Required: 1., 2. & 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions.)1., 2. & 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars, not in millions.)