For the year ended December 31, 2022. Waterway Electrical Repair Company reports the following summary payroll data. 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 (a) Salaries and Wages Expense $194.000 No. Account Titles and Explanation Salaries and Wages Expense Waterway's payroll taxes are Social Security tax 6.2% Medicare tax 1.45%, state unemployment 2.5% (due to a stable employme record), and 0.6% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $502.000, and gross earni subject to unemployment taxes total $127.000. No employee exceeds the $132.900 limit related to FICA taxes. FICA Taxes Payable 390,000 $584.000 (a) Prepare a summary journal entry at December 31 for the full year's payroli. (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes. Federal Income Taxes Payable (Round answers to O decimal places, e.g. 125. Credit account titles are automatically State Income Taxes Payable $39.592 187.000 17.520 28.175 19.500 $291.787 THEMENT Debit 194000 390000 Credit 39592 187000 17520