ABC & Company. Balance Sheet Month Ended July 31, 2021 Assets Liabilities Account Receivable Services-revenue Property tax expense Account Payable 3,000 68,000 800 9,000 Cash Office Supplies Land Salary Expense Office Furniture Note payable Rent Payable Total Assets 12,000 1,000 44,000 2,500 8,000 16,000 4,000 87,500 Owner's Equity Owner's Equity 6,700 87,500 Required: 1. Prepare the correct balance sheet, and date it correctly. Compute total assets, total liabilities, and owner's equity. 2. Identify the accounts that should not be presented on the balance sheet