Sheffield Company's balance sheet at December $31,2021,$ is presented below. $0\mathrm{.}88/5$ SHEFFIELD COMPANY Balance Sheet December $31,2021$ Cash $$37,800$ Accounts Payable $$17,325$ Inventory $38,745$ Interest Payable $315$ Prepaid Insurance $7,560$ Notes Payable $63,000$ Equipment $47,880$ Owner's Capital $51,345$ $$131,985$ $$131,985$ During January $2022,$ the following transactions occurred. $($Sheffield Company uses the perpetual inventory system.$)1.$ Sheffield paid $$315$ interest on the note payable on January $1,2022.$ The note is due December $31,2023.2.$ Sheffield purchased $$328,986$ of inventory on account. $3.$ Sheffield sold for $$554,400$ cash, inventory which cost $$333,900.$ Sheffield also collected $$36,036$ in sales taxes. $4.$ Sheffield paid $$289,800$ in accounts payable. $5.$ Sheffield paid $$21,420$ in sales taxes to the state. $6.$ Paid other operating expenses of $$37,800.7.$ On January $31,2022,$ the payroll for the month consists of salaries and wages of $$94,000.$ All salaries and wages are subject to $7\mathrm{.}65\%$ FICA taxes. A total of $$11,260$ federal income taxes are withheld. The salaries and wages are paid on February $1.$ Adjustment data: $8.$ Interest expense of $$315$ has been incurred in January on the notes payable. $9.$ The insurance for the year $2022$ was prepaid on December $31,2021.10.$ The equipment was acquired on December $31,2021,$ and will be depreciated on a straight$-$line basis over $5$ years with a $$2,520$ salvage value. $11.$ Employer's payroll taxes include $7\mathrm{.}65\%$ FICA taxes, a $5\mathrm{.}4\%$ state unemployment tax, and an $0\mathrm{.}6\%$ federal unemployment tax. answer adjustment data question $11$ with payroll tax$=12831$

Payroll Tax Expense

State Unemployment Taxes Payable

Federal Unemployment Taxes Payable