2. Carla Mann is the owner of Carla's Interior Design in London, Ontario. A new firm has come to town and Carla has accepted a position with them. Carla is closing down her own business and is in the process of selling the assets. Section 24 Just before she accepted her new position, the balance sheet of Carla's Interior Design was as follows: Assets Cash Accounts Receivable Supplies Equipment Automobile Total Assets CARLA'S INTERIOR DESIGN BALANCE SHEET JUNE 30, 20- Liabilities $ 500 Bank Loan 7870 Accounts Payable I 520 Total Liabilities 3 740 Owner's Equity 17 500 Carla Mann, Capital $32 130 Total Liabilities and Equity $ 9500 1 250 $10 750 21 380 $32 130 Carla was successful in selling the supplies for $1200 cash and the equipment for $2200 cash. She was also able to collect in cash all of the accounts receivable except for $870, which was considered to be uncollectable. A. Prepare a simple balance sheet as of July 31, after disposing of the three assets mentioned above. B. Suggest the simplest way to dispose of the remaining assets and thus complete the closing of the business