Employee benefitsOn 21 November, the weekly payroll register of Parade Events Lid showed gross wages and salariesof $374 000. The organisation withheld $89 760 for income tax, $6 680 for life insurance, $10 000for medical insurance premiums, and $37 400 for superannuateon deductions made on behalf ofemployees. Prior to this transaction the entity's current liabilities (extract) were as follows.Australian Taxation Office$190 760Life insurance payable13 010Health insurance payable15 500Superannuateon deductions payable72 800Required:(a) Prepare the general journal entry to record the payroll and payroll deductions.(b) Prepare the general journal entry to record the employer's contributions to theemployees' superannuateon fund at the rate of 15% of gross payroll.(c) Prepare entries in the cash payments journal to record payment of the aboveliabilities.