Glenview Hardware had the following transactions that produced liabilities during the year: a. Purchased merchandise on credit for $30,000. (Note: Assume a periodic inventory svstem). b. Year-end wages of $6,000 were incurred, but not poid. Related federal income taxes of $720, Social Security of $372 (employee portion), and Medicare taxes of $87 are withheid from employees. c. Year-end estimated income taxes payable, but unpaid, for the year were $42,850. d. Sold merchandise on account for $1,208, including state sales taxes of $58. (Note: Assume a periodic inventory system). e. Employer's share of Social Security and Medicare taxes for the period were $372 and $87, respectively. 4. Borrowed cash under a 90 -day, 946,$25,000 note. (Record purchase of inventory on account) b. (Record wages and liabilities) c. (Record accrued income taxes) d. (Record sale) e. (Record employer payroll taxes) f. (Record issuance of note)