Required information (The following information applies to the questions displayed below. At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firm's accountant neglected to accrue payroll taxes of $7,173 that were applicable to payrolls for the year then ended. a-2. Record the journal entry to show the effect of the accrual that should have been made as of March 31, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the accrual of payroll taxes for the year. Note: Enter debits before credits. General Journal Debit Credit Date March 31, 2019 Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.] At March 31, 2019, the end of the first year of operations at Lukancic Inc., the firm's accountant neglected to accrue payroll taxes of $7,173 that were applicable to payrolls for the year then ended. b. Determine the income statement and balance sheet effects of not accruing payroll taxes at March 31, 2019. Effect on expense Effect on net income Effect on current liabilities Effect on retained earnings