20. Identify and Correct Balance Sheet Errors LO3 Hildebrand House Haunting (HHH) commenced business on 1 July. It was a good year as Hildebrand believes she has over $300 000 of assets. At the end of the financial year the following financial statement (all figures in thousands) was quickly prepared by a student intern: $ 90 120 159 HHH Balance Statement for the year ending 30 June Resources: Cash Things we sell Land Retained earnings Grand total Debts: Money we owe Contributed capital Grand total 51 $438 $ 129 189 $ 318 Required List all of the deficiencies that you can identify in this financial statement and prepare a proper balance sheet from the above information