On December 31, 2016, Gaskins Co owed $4.500 in salaries to employees who had worked during December but would be paid in January ithe year end adjustment is properly rocorded on December 31, 2016, what will be the effect of this acerual on the following tems for Gaskins? Cash Flow fron Opereting Actvitles No eflect Net Income No effect Decease No effect incresser Decrease loecese INe effect The following accounts and balances were drawn from the records of Carolina Company on December 31, 2016: $ Cash 3,400 4,000 Accounts receivable $ Dividends 2,000 Common stock 3,900 Land 3,200 Revenue 3,200 Accounts payable 1,800 Expense 2,200 Total assets on Carollina's December 31, 2016 balance sheet would amount to