For the payroll period ended on June 25, 2019, gross pay was $13,600, net pay was $9,800, FICA tax withholdings were $1,300, income tax withholdings were $2,000, and medical insurance contributions were $500. Required: Use the horizontal model to show the effects of the payroll accrual on June 25, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to Indicate a negative financial statement effect.) Assets Balance Sheet Liabilities Stockholders' Equity Net income Income Revenues + Stockholders' Equity Net income Revenues + Income Statement Expenses