Required information. Exercise 7-10 (Algo) Other accrued liabilities-real estate taxes LO 7-5 [The following information applies to the questions displayed below.] Glennelle's Boutique Incorporated operates in a city in which real estate tax bills for one year are issued in May of the subsequent year. Thus, tax bills for 2022 are issued in May 2023 and are payable in July 2023. Exercise 7-10 (Algo) Part b - Horizontal model b-1. Use the horizontal model to show the effect of accruing 2022 taxes of $6,500 at December 31, 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Assets Balance Sheet Liabilities Stockholders' Equity Net Inco