P1-46A Dan Shoe, the manager of STRIDES Inc., prepared the company's balance sheet while the accountant was ill. The balance sheet contains numerous errors. In particular, Shoe knew that the balance sheet should balance, so he plugged in the shareholders' equity amount needed to achieve this balance. The shareholders' equity amount is not correct. All other amounts are accurate STRIDES Inc. Balance Sheet For the Month Ended July 31, 2014 Assets Liabilities 20,000 80,000 800 9,000 109,800 $ 25,000 Store fixtures Accounts payable Rent expense Salaries expense Land Advertising expense 10,000 Sales revenu. 16,000 4,000 15,000 44,000 3,000 Interest expense.... Note payable Total Shareholders' Equity Shareholders' equity. Total liabilities and 7,200 Total assets $117,000 shareholders' equity $117,000