BYP1-6 Sandi Alcon, the bookkeeper for New York Company, has been trying to determine the cor- rect balance sheet for the company. The company's balance sheet is shown below. NEW YORK COMPANY Balance Sheet For the Month Ended December 31, 2017 Liabilities Assets $25,500 Owners capital $26,000 Equipment 9,000 Accounts receivable Cash (6,000) (2,000) Supplies 2,000 Owner's drawings Accounts payable 10,500 (8,000) Notes payable $28,500 $28,500