Assets Cash Salaries Supplies Notes Payable Wages Prepaid Expense Land XYZ, Inc. Balance Sheet December 31, 2019 Liabilities 10,000 Notes Receivable 14,200 2,750 Rent 1,575 32,425 Building 2,200 4,000 Account Receivable 1,550 1,600 Account Payable 54,600 1,000 Total Liabilities 174,125 84,000 Stockholder Equity Common Stock 61,650 Total Equity and 135.775 Total Liabilities 135.775 Total Assets a Requirements: Write the correct balance sheet with the proper headings, Calculate total assets, total liabilities, and stockholder' equity (Rubrics: 0.25 mark for each correct element in the balance sheet including the heading, 0.5 mark for the correct calculations of equity. Toto 3.5 marks) b 1. Identify the accounts that are not supposed to be on the balance sheet. 2. Explain why these accounts should be excluded from the balance sheet and on which financial statement should these accounts appear? (Rubrics: 0.5 mark for each correct account, 0.5 mark for correct explanation. Total-2 marks)