Assignment 3 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 Cash in Bank Accounts Accounts Receivable Equipment Raw materials $4,000 $2,000 LIABILITIES Accounts payable Short-term debt Wages owed Total liabilities $2,000 $4,000 $13,000 $1,000 $3,000 $7,000 $2.000 OWNER'S EQUITY Capital Retained earnings Business Owner's Draw Total equity $17,000 $4,000 $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