! Required information E9-3 (Algo) Computing Payroll Costs; Discussion of Labor Costs LO 9-1 [The following information applies to the questions displayed below.) Oaks Company has completed the payroll for the month of January, reflecting the following data: Salaries and wages earned Employee income taxes withheld FICA payroll taxes* $109,000 11,000 6,900 *Assessed on both employer and employee (i.e. $6,900 each). E9-3 Part 2 2. List the liabilities and their amounts reported on the company's January 31 balance sheet, assuming the employees been paid but that no transfers have been made to government agencies. Answer is not complete. OAKS COMPANY Balance Sheet Liabilities (Partial) As of January 31 S OT E9-3 Part 2 2. List the liabilities and their amounts reported on the company's January 31 balance sheet, assumi been paid but that no transfers have been made to government agencies. Answer is not complete. OAKS COMPANY Balance Sheet Liabilities (Partial) As of January 31 Liability for income taxes withheld 11,000 FICA taxes payable Property taxes payable Total $ 11,000