E20.1 (LO 1, 2) The wages payable related to the factory workers for Larkin Company during the month of January are $76,000. The employer's payroll taxes for the factory payroll are $8,000. The fringe benefits to be paid by the employer on this payroll are $6,000. Of the total accumulated cost of factory labor, 85% is related to direct labor and 15% is attributable to indirect labor. Instructions a. Prepare the entry to record the factory labor costs for the month of January b. Prepare the entry to assign factory labor to production