MRI Company has one employee that makes $7,200 per month.FICA Social Security taxes are 6.2% and FICA Medicare taxes are 1.45% of gross pay.The employee's federal income taxes withheld are $135 for the pay period.Based on this information, the financial statements affected by this transaction are:

Balance sheet only

Income statement only

Both the balancesheet and income statement

There is no effect on any statement since these transactions would affect the tax return not the company's financial statements