Required information [The following information applies to the questions displayed below.] Glennelle's Boutique Inc. 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 2019 are issued in May 2020 and are payable in July 2020. b-1. Use the horizontal model to show the effect of accruing 2019 taxes of $6,100 at December 31, 2019. Indicate the financial statement effect (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Liabilities Stockholders' Equity Assets Net Income Il + ssued in May of the subsequent 31, 2019. Indicate the financial nt effect.) Income Statement ers' Equity Net Income Revenues Expenses