The following summary data for the payroll period ended December 27, 2018, are available for Cayman Coating Co 5 92,000 Gross pay PICA tax withholdings Income tax withholdings Group hospitalization insurance Employee contributions to pension plan Total deductions Net pay 14,730 1,720 2 25,680 2 Additional information: For employees, FICA tax rates for 2018 were 7.65% on the first $118,500 of each employee's annual earings. However, no employees had accumulated earnings for the year in excess of the $118,500 limit. For employers, FICA tax rates for 2018 were also 765% on the first $118,500 of each employee's annual earnings. The federal and state unemployment compensation tax rates are 0.6% and 5.4%, respectively. These rates are levied against the employer for the first 57,000 of each employee's annual earnings. Only $14,900 of the gross pay amount for the December 27, 2018, pay period was owed to employees who were still under the annual limit. -2. Assuming that Cayman Coating Co.'s payroll for the last week of the year is to be paid on January 3, 2019, record the journal entry show the effects of the December 27, 2018, entries for Accrued payroll. (If no entry is required for a transaction/event, select "No Surnal entry required" in the first account field.)