On December 31, Year 1. Gaskins Co. owed $4,500 in salaries to employees who had worked during December but would be paid in January. If the year-end adjustment is properly recorded on December 31, Year 1, what will be the effect of this accrual on the following items for Gaskins? Net Income a. Cash Flow from Operating Activities No effect No effect Decrease Decrease No effect Decrease Increase No effect b. C. d. Multiple Choice Option A Option B Option C Option D