Accrued Vacation Pay ProTech Inc. provides its employees with varying amounts of vacation per year, depending on the length of employment. The estimated amount of the current year's vacation pay is $432,000. Illustrate the effects on the accounts and financial statements of the adjustment required on January 31, the end of the first month of the current year, to record the accrued vacation pay. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Jan. 31. Assets Statement of Cash Flows Balance Sheet Liabilities + Stockholders' Equity + Income Statement