2. The Global Company's accountant has prepared financial statements which contained the following questionable items: a. The balance sheet reports land at $100,000, which includes a piece of land worth $30,000 that is not used for business operations but is held as an investment. b. Current liabilities include $50,000 of debt that comes due in three months. The company intends to refinance the debt for five years. c. Investments in marketable securities include $20,000 in short-term, high-grade commercial paper, which is a cash equivalent. Required. Describe the appropriate balance sheet presentation for the above items. [ 3 Marks]