Current Attempt in Progress For the year ended December 31, 2022, Lily Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries $212,000 Electricians' wages 378,000 Total $590,000 Deductions: FICA taxes $39,648 Federal income taxes withheld 186,500 State income taxes withheld (3%) 17,700 United Fund contributions payable Health insurance premiums 28,465 Total 16,500 $288,813 Lily's payroll taxes are Social Security tax 6.2%, Medicare tax 1.45%, state unemployment 2.5% (due to a stable employment record), and 0.6% federal unemployment. Gross earnings subject to Social Security taxes of 6.2% total $501,500, and gross earnings subject to unemployment taxes total $149,000. No employee exceeds the $132,900 limit related to FICA taxes. (a) Prepare a summary journal entry at December 31 for the full year's payroll. (b) Journalize the adjusting entry at December 31 to record the employer's payroll taxes. (Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (Round answers to O decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit (a) (b) (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to O decimal places, e.g. 5,275.) Employee Wages, Tips, Other Compensation Federal Income Tax Withheld State Income Tax Withheld Maria Sandoval $56,000 $27,440 $ Jennifer Mingenback 24,000 9,360 $ FICA Wages $ FICA Tax Withheld