Refer to the financial statements of Lowe's Companies, Incorporated, in Appendix B. (Note: Fiscal 2019 for Lowe's runs from February 2, 2019, to January 31, 2020. As with many retail companies, Lowe's labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. Lowe's explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. How much did Lowe's owe for compensation and employee benefits at January 31,2020 ? Was this an increase or decrease from the previous year? $662 million (Decrease) $662 million (Increase) $684 million (Increase) $684 million (Decrease) 2. What journal entry must Lowe's make when a customer purchases and pays for, but does not yet use, a gift card? debit Deferred Revenue, credit Net Sales Revenue debit Cash, credit Deferred Revenue debit Deferred Revenue, credit Cash debit Net Sales Revenue, credit Deferred Revenue