Perrin has an annual payroll of $180,000. In addition, the company incurs payroll tax expense of 5% of the annual payroll. At December 31, Perrin owes salaries of $8,400 and FICA and other payroll tax of $700. The company will pay these amounts early next year. Requirement 1. Show what Perrin will report for the foregoing on its income statement for the year and on its year-end balance sheet. (If an input field is not used in the table leave the field empty, do not select a label or enter a zero.) Start with the income statement. Income Statement Account Amount Show what Perrin will report on the year-end balance sheet. Balance Sheet Account Amount