Answer fully w all work, thanks.

Marci Ling is the bookkeeper for Samco Company, Inc. Marcy as been trying to get the company's balance sheet to balance. She finally got it to balance, but she still isn't sure that it is correct. Explain to Marci Ling in a memo (a) the purpose of a balance sheet, and (b) why this balance sheet is incorrect and what she should do to correct it