On December 31, Year 1, Gaskins Company 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 Cash Flow from Operating Activities a. Not Affected Not Affected b. Decrease Not Affected c. Increase Decrease d. No effect Decrease Multiple Choice Option A Option B