CalCount pays a weekly payroll of $85,000 that includes federal taxes withheld of $12,000, FICA taxes withheld of $6,890, and 401(k) withholdings of $7,000. What is the effect of assets and liabilities from this transaction? (Points : 5)

Assets decrease $85,000 and liabilities do not change.
Assets decrease $71,098 and liabilities increase $71,098.
Assets increase $71,098 and liabilities increase $13,902.
Assets decrease $71,098 and liabilities increase $13,902.