Rand Company's payroll on December 31 of the current year is as follows: - total payroll, $500,000 - payroll in excess of $128,400 to each employee, $350,000 - payroll in excess of $7,000 to each employee, $400,000 - income taxes withheld, $85,000 - union dues withheid, $10,000 - tax rates: state unemployment tax, 5.4\%; FICA tax, 8\% for employees and 8\% for employers for any amounts over $117,000; federal unemployment tax, 0.6\% Required: Prepare the journal ontries for Rand's payroll and payroll taxes