The Account Type field is an important aspect of Sage 50 Accounting because it enables you to format the financial statements (Balance Sheet and Income Statement) presentation, as desired. Consider the following sample Balance Sheet: Balance Sheet As of Dec. 31, 2019 ASSETS LIABILITIES Cash in Bank Accounts Accounts payable $2,000 $4,000 $2,000 Accounts Receivable $4,000 Equipment $13,000 Short-term debt Wages owed Total liabilities $1,000 Raw materials $3,000 $7,000 OWNER'S EQUITY Capital $2,000 $17,000 Retained earnings Business Owner's Draw $4.000 Total equity $15,000 Total assets $22.000 Total liabilities & equity $22,000 Based on the characteristics of each account group, change the Balance Sheet to incorporate the Account Groups along with Account Numbers