During 2020, Many Miles Trucking paid salary expense of \(\$ 40\) million. At December 31, Many Miles accrued salary expense of \(\$ 2\) million. Many Miles paid \(\$ 1.9\) million to its employees on January 3, 2021, the company's next payday after the end of the 2020 year. For this sequence of transactions, show what Many Miles would include on its 2020 income statement and its balance sheet at the end of 2020.