Recording Payroll and Payroll Taxes The following data are taken from Fremont Wholesale Companys May payroll:Administrative salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$42,000Sales salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .51,000Custodial salaries. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7,000Total payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$100,000Salaries subject to 1.45 percent Medicare tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$100,000Salaries subject to 6.2 percent Social Security tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .75,000Salaries subject to federal unemployment taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14,000Salaries subject to state unemployment taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21,000Federal income taxes withheld from all salaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17,800Assume that the company is subject to a two percent state unemployment tax (due to a favorable experience rating) and a 0.6 percent federal unemployment tax.RequiredRecord the following in general journal form on May 31:a. Accrual of the monthly payroll.b. Payment of the net payroll.c. Accrual of the employers payroll taxes. (Assume that the FICA tax matches the amount withheld).d. Payment of these payroll-related liabilities. (Assume that all are settled at the same time.)