Which of the following represents the impact of a taxable cash sale of $880 on the accounting equation if the sales tax rate is 5%?

• An increase to cash for $880, an increase to sales tax payable for $44, and an increase to sales revenue for $836.

• An increase to cash for $924, an increase to sales tax payable for $44, and an increase to sales revenue for $880.

• An increase to cash for $924, an increase to sales tax expense for $44, and an increase to sales revenue for $880.

• None of these answer choices is correct.