Required information Exercise 7-9 (Algo) Other accrued liabilities-payroll taxes LO 7-4 [The following information applies to the questions displayed below.] At September 30, 2022, the end of the first year of operations at Lukancic Incorporated, the firm's accountant neglected to accrue payroll taxes of $7,262 that were applicable to payrolls for the year then ended. Exercise 7-9 (Algo) Part a Horizontal Model Required: a-1. Use the horizontal model to show the effect of the accrual that should have been made as of September 30, 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect.