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Elizabeth Brown, a junior accountant for Oriole Company, has been trying to determine the correct balance sheet for the company but can't seem to get

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Elizabeth Brown, a junior accountant for Oriole Company, has been trying to determine the correct balance sheet for the company but can't seem to get it right. Her incorrect balance sheet is provided below. Oriole Company Balance Sheet For the Month Ended December 31, 2022 Assets Liabilities Equipment $23.500 Owner's capital Cash 7,600 Accounts receivable Supplies 1.900 Owner's drawings Accounts payable (7.800) Notes payable $25,200 $26,500 (5.700) (2.000) 6,400 $25,200 Prepare a corrected balance sheet. All numerical amounts are correct. The Owner's Capital includes current year investments and current year net income. ORIOLE COMPANY Balance Sheet

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