Exercise 8-8 (Algo) Record payroll (LO8-3) During January, Luxury Cruise Lines incurs employee salaries of $2.9 million. Withholdings in January are $221,850 for the employee portion of FICA, and $616,250 for employee federal and state. The company incurs an additional $179,800 for federal and state unemployment tax and $87,000 for the employer portion of health insurance (fringe benefits payable to B/ue Cross B/ue Shield). Required: 1. to 3. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions (i.e. 5 million should be entered as 5,000,000).) Journal entry worksheet 3 Record the employee salary expense, withholdings, and salaries payable. Note: Enter debits before credits. Journal entry worksheet Record the employer-provided fringe benefits. Note: Enter debits before credits. Journal entry worksheet Record the employer payroll taxes. Note: Enter debits before credits