Montana Company recorded the month's salary expense for employees on December 31, including $800,000 of gross pay, federal tax withholding of $192,000, and FICA tax withholding of $64,000. Clausen Company will pay employees for these wages on Jan 5 of the subsequent year, How will the necessary journal entry on December 31 affect Montana Company's total liabilities? it will increase total liabilities by $256,000 It will increase total liabilities by $544,000 it will have no effect on total liabilities it will increase total liabilities by $800,000