Arena Company provides health insurance to its employees that costs $15,200 per month. In addition, the company contributes 3% of the employees' $152,000 gross salary to a retirement program. The entry to record the accrued benefits for the month would include a:
a) Credit to Employee Benefits Expense $15,200.
b) Credit to Employee Benefits Expense $19,760.
c) Debit to Employee Benefits Expense $19,760.
d) Debit to Medical Insurance Payable $15,200.
e) Debit to Employee Retirement Program Payable $4,560.