For the year ended December 31, 2022, Sheffield Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries $192,000 Electricians' wages 356,000 $548,000 Total Deductions: FICA taxes $36,714 Federal income taxes withheld 174,500 State income taxes withheld (3%) 16,440 United Fund contributions payable 26,438 Health insurance premiums 20,000 Total $274,092 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 0.6% 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 $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. No. Account Titles and Explanation Debit Credit (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 O decimal places, e.g. 5,275.) Federal Wages, Tips, Other Compensation Income Tax Withheld State Income Tax Withheld FICA Wages FICA Tax Withheld $60,000 $29,400 $ ck 30,000 11,700 eTextbook and Media $