Electronics Service Company pays salaries monthly on the last day of the month. The following information is available from Electronics for the month ended December 31, Year 1. Administrative salaries $ 96,000 Sales salaries 57,000 office salaries 38,000 Assume the Social Security tax rate is 6 percent on the first $110,000 of salaries. Duke reached the $110,000 amount in September. His salary in December amounted to $11,500 and is included in the $96,000. No one else will reach the $110,000 amount for the year, None of the employee salaries are subject to unemployment tax in December Assume the Medicare tax rate is 15% of total salaries. Other amounts withheld from salaries in December were as follows: Federal income tax $ 21,500 State income tax 11,200 Employee savings plan 4,000 Required a. Prepare the journal entry to record the payment of payroll on December 31, Year 1 b. Prepare the journal entry to record the payroll tax expense for Electronics Service Company for December Year 1 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet 1 2 > Record the entry for payment of payroll on December 31, Year 1