On January 1, 2022, Wildhorse Co.'s accounting records contained these liability accounts. Accounts Payable Sales Taxes Payable $44,700 8,800 Unearned Service Revenue 21,200 During January, the following selected transactions occurred. Jan. 1 Borrowed $18,000 in cash from Apex Bank on a 4-month, 5%, $18,000 note. 5 Sold merchandise for cash totaling $5,512, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $13,000. (Record Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2021, $8,800. 20 Sold 720 units of a new product on credit at $50 per unit, plus 6% sales tax. During January, the company's employees earned wages of $75,300. Withholdings related to these wages were $5.760 for FICA, $5,379 for federal income tax, and $1,614 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. Wages or payroll tax expense have not been recorded as of January 31.