McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following details: Salaries and wages earned Employee income taxes withheld FICA taxes withheld Unemployment taxes, Required: $ 400,000 37,000 28,600 2,780 1. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March, 2. & 3. Prepare the journal entry to record the payroll for March, including employee deductions (but excluding employer payroll taxes) and record employer's FICA taxes and unemployment taxes