The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000; Office salaries, $128,000; Federal income taxes withheld, $192,000; State income taxes withheld, $43,000; Social security taxes withheld, \$47,616; Medicare taxes withheld, $11,136; Medical insurance premiums, $15,400; Life insurance premiums, $12,300; Union dues deducted, $8,400; and Salaries subject to unemployment taxes, $69,000. The employee pays 40% of medical and life insurance premiums. 1. Prepare the journal entry to record payroll (show Sales and office salaries separately, but you can combine the rest). Hint: employees pay 40% of the medical and insurance premiums 2. Prepare the journal entry to record payroll taxes. Assume that no employee has reached the maximum deduction for social security, and $20,000 of overall salaries are still subject to Federal and State Unemployment taxes at a rate of .6\% and 5.4% respectively. 3. Prepare the journal entry to record Employee Benefits for the company. The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $640,000; Office salaries, $128,000; Federal income taxes withheld, $192,000; State income taxes withheld, $43,000; Social security taxes withheld, \$47,616; Medicare taxes withheld, $11,136; Medical insurance premiums, $15,400; Life insurance premiums, $12,300; Union dues deducted, $8,400; and Salaries subject to unemployment taxes, $69,000. The employee pays 40% of medical and life insurance premiums. 1. Prepare the journal entry to record payroll (show Sales and office salaries separately, but you can combine the rest). Hint: employees pay 40% of the medical and insurance premiums 2. Prepare the journal entry to record payroll taxes. Assume that no employee has reached the maximum deduction for social security, and $20,000 of overall salaries are still subject to Federal and State Unemployment taxes at a rate of .6\% and 5.4% respectively. 3. Prepare the journal entry to record Employee Benefits for the company