Q No 2 The bookkeeper of Trsoro Publishing Co. prepared the company's balance sheet while the accountant was ill. The balance sheet contains numerous errors. In particular, the bookkeeper knew that the balance sheet should balance, so he plugged in the owner's equity amount needed to achieve this balance. The owner's equity amount, however, is not correct. All other amounts are accurate, but some are out of place. TRSORO PUBLISHING CO. Balance Sheet Month Ended July 31, 20X3 = Assets Liabilities Accounts Receivable Service revenue Property tax expense Accounts payable $ 3,000 68,000 800 9,000 Cash Office Supplies Land Salary expense Office furniture Note payable Rent expense Total assets $12.000 1,000 44,000 2,500 8,000 16,000 4,000 $87.500 Owner's Equity Owner's Equity Total liabilities 6,700 $87,500 Required 1. Prepare the correct and classified balance sheet. Marks 2.5