In January, the payroll supervisor determines that gross earnings for Sheridan Company are $70,000. All earnings are subject to 7.65% FICA taxes, 5.40% state unemployment taxes, and 0.60% federal unemployment taxes. (b) Record the employer's payroll taxes. (Credit account titles are automotically indented when amount is entered. Do not indent manuali)s Round answers to 0 decimal ploces, es, 125.)