Case Study: Balancing the Financlal Equation at XYZ Corporation XYZ Corporation, a medium-sized technology firm, is currently grappling with issues related to its balance sheet. In your role as a financial consultant, you are tasked with conducting an assessment of the company's financial position and proposing strategles for ensuring that its balance sheet remains accurate and transparent. Background: XYZ Corporation has experienced significant growth in recent years, expanding its product offerings and customer base. This expansion has created complexities in Its financial operations. The company's management is concerned about maintaining the accuracy and integrity of its balance sheet. Key Challenges: 1. Asset Classification: The company faces challenges in appropriately classifying its assets. Due to its diverse product lines and business segments, categorizing assets accurately has become increasingly complex. 2. Liability Management: The management is concerned about the accurate reporting of its llabllities. The company has multiple long-term and short-term llabilities, including debt and obligations to suppliers and employees. Equity Allocation: XYZ Corporation is considering an equity issuance to raise capital for expansion. Determining how to allocate the equity on the balance sheet, while maintaining transparency, has become a critical issue. Questions: 1. Assess the balance sheet challenges faced by XYZ Corporation, Including asset classification, liability management, and equity allocation. Discuss the implications of these challenges on the company's financial reporting, transparency, and overall financial health. 2. Based on your assessment, propose specific strategies and measures that XYZ Corporation can implement to address the balance sheet challenges. Explain how these strategies can help in achieving accurate asset classification, efficient liability management, and transparent equity allocation, ultimately ensuring an accurate and Informative balance sheet