Problem 2 Fulton Corporation reported the following payroll-related costs for April. Gross pay of employees $540,000 Social security & Medicare tax withheld 32,000 State income tax withheld 47,000 Federal income tax withheld 65,000 Retirement contributions withheld 39,000 Group health insurance payments withheld 28,000 Group health insurance benefits (paid by 41,000 company) Retirement benefits (paid by company) 24,000 Federal and state unemployment taxes 9,000 The company also paid Social Security & Medicare taxes equal to the amount withheld from employees' paychecks (to "match those amounts). Required: Prepare the payroll journal entries for April