For the year ended December 31, 2020, Sheffield Electrical Repair Company reports the following summary payroll data. $192,000 356,000 $548,000 Gross earnings: Administrative salaries Electricians' wages Total Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums Total $36,714 174,500 16,440 27.400 20,000 $275,054 Sheffield's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.8% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $464,000, and gross earnings subject to unemployment taxes total $140,000. No employee exceeds the $127,200 limit related to FICA taxes. (a) Prepare a summary journal entry at December 31 for the full year's payroll. (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes. manually Debit Credit No. Account Titles and Explanation (a) | (b) (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to decimal places, eg. 5,275.) Employee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld FICA Wages Maria Sandoval $60,000 $29.400 $ $ $ Jennifer Mingenback 30,000 11.700