The following information applies to the questions displayed below. A company reported the following information. Income Tax Payable 106 Bal Beg 650 86 86 Bal End. Salaries and Wages Payable 1.000 Beg 1.000 Bal 23,000 1200 BAL 1200 End. Interest Payable 146 Beg 1o Bal 1,050 156 End 150 gal Required: 1-a.For income tax payable, describe the typical transactions that cause it to increase and decrease. (Select all that apply.) Decrease with a debit for cash paid on accrued income taxes payable. Increase with a credit for cash paid on accrued income taxes payable. Increase with a credit for accrual of additional income taxes payable. Decrease with a debit for accrual of additional income taxes payable. 1-b.For interest payable, describe the typical transactions that cause it to increase and decrease. (Select all that apply.) Decrease with a debit for accrual of additional interest payable. Decrease with a debit for cash paid on accrued interest payable. Increase with a credit for cash paid on accrued interest payable. Increase with a credit for accrual of additional interest payable. 1-c.For salaries and wages payable, describe the typical transactions that cause it to increase and decrease. (Select all that apply.) Decrease with a debit for accrual of salaries and wages expense for the penod that is not yet paid. increase with a credit for accrual of salaries and wages expense for the period that is not yet paid. Decrease with a debit for cash paid on accrued salaries and wages payable. Increase with a credit for cash paid on accrued salaries and wages payable 2. Express each T-account in equation format and then solve for the missing amounts for (a), (b), and (c). (Enter all amounts as positive values.) Income Tax Payable Beg Bal + S 106) + - - Cash Paid 660 End, Bal S 86 1 S = Salaries and Wages Payable Beg. Bal + +11 Accrued Salaries and Wages $ 1,000 + $ 23,000 - End. Bal $ 1.200 - Interest Payable Beg. Bal + - Cash Paid 1,060 = = End. Bal $ 156