The wo employees of Silver Company recewe vanous frnge benetine. Silver Company provies vacanon at the rate of $335 per doy Each employee esens one day of vacation per month worked. In eddition. Siver Compony psys : tetal amount of $690 per menth in medical insurance premiums. Silver also conenbules a socsi amouns of $440 per month into an empioyee retirement pion. The federal unemployment tax rate is 6 percent. while the stase tax rate is 4 percent. Unemoloyenerm taxes aoply to the first $7,000 of esinngs per employee. Assume a social Securty tax rate of 6 percent and a Medicare tax rate of 1.5 percent. Required a. Prepore the monthly joumal entry for the occrued fringe benetits. b. 5how the effect of the precedng torsestion on s horizontal ststements modet. c. If the two employees eoch worked 250 doys, whot is Silver Compory's total poyroll cost csalary, poyron taxes, and fringe benefits) for the year? (Assume that each employee esma $335.00 per day) Complete this qesestion by emtering your answers ln the tabs bellow. Prepare the menthly jeurnal entry for the accryed fringe benefins- faf ne entry is rasuired fer a transactian/event. select " reguired" is the first ascer. mt field- Journal entry worksheet Record the entry fer the acenued fringe benafita. Show the eftect of the precteding transaction on a heriantal atabements medel. (fin the Cash Fiew column, use the in iaials foi investing activity. (FA) for financing activity and leave blank for no aftect. Enter any decreases to account bulances with a mir Wetes Cnter debits befare credira. If the two employees each worked 250 days, what is Silver Company's total payroll cost (salary, payroll taxes, and fringe benefits) for the year? (Assume that each employee earns $335.00 per day.) (Round your answer to 2 decimal places.)