P3. (15pts) During the month of March, ABC Company's employees earned wages of $120,000. Withholdings related to these wages were $9,180 for Social Security (FICA), $15,200 for federal income tax, $7,200 for state income tax, and $700 for union dues. The company incurred no cost related to these earnings for state unemployment tax, but incurred $1,500, for federal unemployment tax. Instructions (a) Prepare the necessary March 31 journal entry to record wages expense and wages payable. Assume that wages earned during March will be paid during April. (b) Prepare the entry to record the company's payroll tax expense