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. Balance Sheet Assets Llabilities Stockholders' Equity Jan. 31. Statement of Cash Flows Income Statement