On January 1, 2022, the ledger of Cullumber Company contained these liability accounts. During January, the following selected transactions octurred. Jan. 1 Borrowed $18,000 in cash frem Apox Bank en a 4-month, 5%,$18,000 note. 5 Sold merchandise for cash totaling $5,512, which includes 6% sales taxes. 12. Pertormed services for customers who had made advance payments of $11,800. (Credit Service Revenue) 14 Pald state treasurer's department for sales taxes collected in December 2021.\$6.900. 20 Sold 530 units of a new product on credit at $50 per unit, plus 6% sales tax. During January, the company's employees earned wages of $72,000. Withholdings related to these wages were $5,508 for 50cial Security (FICA), $5,050 for federal income tax, and $1,515 for state income tax. The company owed no money related to these earnings for federal or state unemployment tax. Assume that wages earned during January will be paid during February. No entry had been recorded for wages or payroli tax expense as of January 31