During 2020, Many Roads Trucking paid salary expense of $38.3 million. At December 31, Many Roads accrued salary expense of $2.6 million. Many Roads paid $2 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 Roads would report on its 2020 income statement and on its balance sheet at the end of 2020