For the year ended December 31, 2022, Crane Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries $160,000 Electricians' wages 340,000 Total $500,000 Deductions: FICA taxes $33,290 Federal income taxes withheld 160,000 State income taxes withheld (3%) 15,000 United Fund contributions payable 24.123 Health insurance premiums 15,000 Total $247,413 Crane's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record). and 0.6% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $420,000, and gross earnings subject to unemployment taxes total $110,000. No employee exceeds the $132,900 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. (Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation (a) Salaries and Wages Expense FICA Taxes Payable Federal Income Taxes Payable State Income Taxes Payable Inited Fund Contributions Payable Debit 500000 Credit 33290 160000 15000 24123