Qualpoint incurs a weekly payroll of $255000 that includes federal taxes withheld of $38100, FICA taxes withheld of $23670, and 401(k) withholdings of $27000. What is the effect on assets and liabilities from recording this transaction? (Ignore company payroll taxes). Assets decrease $193230 and liabilities increase $61770. Assets decrease $255000 and liabilities do not change. Assets decrease $166230 and liabilities increase $88770. Assets decrease $193230 and liabilities decrease $61770.