On January 14, the end of the first pay period of the year, a company's employees earned $50,000 of salaries. Withholdings from the employees' salaries include FICA Social Security taxes at the rate of 6.2%, FICA Medicare taxes at the rate of 1.45%, and $2,600 of federal income taxes. No employee earned more than $7,000 in this first period. Prepare the journal entry to record the company's January 14 salaries expense and related liabilities. Journal entry worksheet Record the company's January 14 salaries expense and related labalities. Noter Enter debits before credits. A company reports net income of $8,600 for the year, During the year, the company reports an $920 loss from a gain of $1,380 from the sale of equipment. Also, depreclation expense is $3,040. The only change in current assets and current liabilities was a $460 increase in inventory. Compute net cash provided by operating activities using the indirect method. Note: Amounts to be deducted should be indicated with a minus sign