34 Which of the following represents the impact of a taxable cash sale of $1,050 on the accounting equation if the sales tax rate is 4%? Multiple Choice 0; An increase to cash for $1,092, an increase to sales tax payable for $42, and an increase to sales revenue for $1,050 None of these answer choices is correct An increase to cash for $1,050, an increase to sales tax payable for $42, and an increase to sales revenue for $1,008. An increase to cash for $1,092, an increase to sales tax expense for $42, and an increase to sales revenue for $1,050