Which of the following represents the impact of a taxable cash sale of $1,080 on the accounting equation if the sales tax rate is 5%?

An increase to cash for $1,134, an increase to sales tax expense for $54, and an increase to sales revenue for $1,080.

An increase to cash for $1,134, an increase to sales tax payable for $54, and an increase to sales revenue for $1,080.

None of these answer choices is correct.

An increase to cash for $1,080, an increase to sales tax payable for $54, and an increase to sales revenue for $1,026.