Fit for Life (FFL) operates a fitness center and snack lounge. The following is a partial list of FFL transactions during its year ended December 31. FFL adjusts its records only at year-end. Jan. 6 Purchased and received 5o nutritional bars for $95, n/45 Jan. 8 FFL. sold 60 nutritional bars to Big Jim for $264 cash, which Apr. 30 FFL received $55,000 from Commerce Bank after signing a 24- Aug. 31 FFL signed a 6-month contract to sublease a portion of its Dec. 30 FFI. paid employees' net pay through December 31, using direct includes $24 of sales tax. month, 6 percent, promissory note. building. FFL also received a $12,00o check for six months' rent. deposits totaling $2,880, for 250 total hours at a $14 hourly wage. The company had withheld FICA of $260, United Way contributions of $20, and income tax of $340. L adjusted the accounts at year-end, relating to (a) employer payroll taxes, including FICA and $3o of unemployment taxes, (b) interest, and (c) rent