For the year ended December 31, 2022, Lily Electrical Repair Company reports the following summary payroll...

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For the year ended December 31, 2022, Lily Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries Electricians' wages Total Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) $212,000 378,000 $590,000 $39,648 186,500 17,700 Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums Total 186,500 17,700 28,465 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. (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to 0 decimal places, e.g. 5,275.) Employee Maria Sandoval Jennifer Mingenback Wages, Tips, Other Compensation $56,000 24,000 Federal Income Tax Withheld $27,440 9,360 State Income Tax Withheld $ $ FICA Wages $ For the year ended December 31, 2022, Lily Electrical Repair Company reports the following summary payroll data. Gross earnings: Administrative salaries Electricians' wages Total Deductions: FICA taxes Federal income taxes withheld State income taxes withheld (3%) $212,000 378,000 $590,000 $39,648 186,500 17,700 Federal income taxes withheld State income taxes withheld (3%) United Fund contributions payable Health insurance premiums Total 186,500 17,700 28,465 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. (c) The W-2 Wage and Tax Statement requires the following dollar data. Complete the required data for the following employees. (Round answers to 0 decimal places, e.g. 5,275.) Employee Maria Sandoval Jennifer Mingenback Wages, Tips, Other Compensation $56,000 24,000 Federal Income Tax Withheld $27,440 9,360 State Income Tax Withheld $ $ FICA Wages $