McLoyd Company completed the salarles and wages payroll for March. The payroll provided the following details: Required: 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 ta and record employer's FICA taxes and unemployment taxes. Complete this question by entering your answers in the tabs below. Considering both employee and employer payroll taxes, use the preceding information to calculate the total labor cost for the company for March. McLoyd Company completed the salaries and wages payroll for March. The payroll provided the following detalls: Required: 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. Complete this question by entering your answers in the tabs below. 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. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)