On January 1, 2027, Crane Company's accounting records contained these liability accounts. 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 $7,102, which includes 6% sales taxes. 12 Performed services for customers who had made advance payments of $11,400. (Record Service Revenue.) 14 Paid state treasurer's department for sales taxes collected in December 2026, $7,900. 20 Sold 630 units of a new product on credit at $50 per unit, plus 6% sales tax. During January, the company's employees earned wages of $77,800. Withholdings related to these wages were $5,952 for FICA, $5,557 for federal income tax, and $1,667 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 . Prepare a tabular summary to record the January transactions and the adjustments on January 31 for the outstand payable and the salaries and wages expense and payroll tax expense. Include margin explanations for the changes in expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parenthe the amount entered for the particular Asset, Liability or Equity item that was reduced. Round answers to 0 decimal places, Liabilities Stockholders' Equity