Oriole pays a weekly payroll $of$ $$258000$ that includes federal income taxes withheld $of$ $$38300,$ FICA taxes withheld $of$ $$23670,$ and

$401(k)$ withholdings $of$ $$27200.$ What $is$ the effect $on$ assets and liabilities from this transaction?

Assets decrease $$196030$ and liabilities decrease $$61970.$

Assets decrease $$196030$ and liabilities increase $$61970.$

Assets decrease $$258000$ and liabilities $do$ not change.

Assets decrease $$168830$ and liabilities increase $$89170.$