Prepare the journal entries for Sunland on May 31, July 31, and December 31, 2021, assuming that the company makes monthly adjusting entries. (Assume property tax expense in 2020 was $2,225 per month.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select \"No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Amount \"ties and Explanation Debit credit (To aocrue property tax expense.) (To adjust for property tax invoice received.) July 31 (Payment of property taxes.) (Prepaid property taxes consumed.) What is recorded on Sunland's December 31, 2021, balance sheet and income statement for the year ended December 31, 2021, in regard to property taxes? (Do not leave any answer field blank. Enter a for amounts.) Balance Sheet (Prepaid Property Taxes) $ Income Statement (Operating expenses) $