2. The investment portfolio consists of short-term investments val ed at $5/,000. There nai.ing it.vestments vill not b_ so.a until the yew. 20zo. 3. Notes pavable consist or two notes. note 1. $80,000 race value dated beptember s0 2024. . rincipe and interest at 10% are due on Septem er 50, 20715. Note 2: $120,300 face vane dated April 50, 2024. Principal is due in two equal installments of $60,0 plus interest on the unpaid balance. The two payments are scheduled for April 30, 2025, and April 3 2026. Interest on both loans has been correctly accrued and is included in accrued liabilities on the balance sheet and selling and administrative expense in the income statement. 4. Included in miscellaneous expense is loss from discontinued operations of $40,000 (net of tax). QUIRE_: Identify the 8 deficiencies in the balance sheet and income statement prepared by Rice's troller. Explain each deficiency and categorize by account type (asset, liability, or equity). Do not prepa rected statements. Report your findings to your manager using PowerPoint and preparing 3 5 slides. U per grammar, punctuation, and spelling. Please note: you may NOT use other presentation software for assignment. You have access to the microsoft suite of products free through your Student Services tab HGTL