! Required information Problem 7-27 (Algo) Other accrued liabilities-payroll LO 4 [The following information applies to the questions displayed below.] The following summary data for the payroll period ended on April 10, 2018, are available for Brac Construction Ltd.: Gross pay FICA tax withholdings Income tax withholdings Medical insurance contributions Union dues Total deductions Net pay $ ? ? 28,845 1,153 720 41,327 97,353 Problem 7-27 (Algo) Part b - Horizontal model b-1. Use the horizontal model to show the effects of the payroll accrual. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets Balance Sheet Liabilities + Stockholders' Equity Net Income = = - Revenues Income Statement Expenses