CT4.3 (LO 1) Writing (Critique of Balance Sheet Format and Content) The following is the balance sheet of Sameed Brothers Corporation (000s omitted). Sameed Brothers Corporation Balance Sheet December 31, 2025 Instructions Assets Current assets Cash Marketable securities Accounts receivable Inventory Supplies Stock investment in subsidiary company Assets Investments Treasury stock Property, plant, and equipment Buildings and land Less: Reserve for depreciation Other assets Cash surrender value of life insurance Total assets Liabilities and Stockholders' Equity $26,000 18,000 25,000 20,000 4,000 20,000 $113,000 25,000 91,000 31,000 60,000 19,000 $217,000 Current liabilities Accounts payable Reserve for income taxes $22,000 15,000 Customers' accounts with credit balances $ 37,001 Deferred credits Unamortized premium on bonds payable 2,000 Long-term liabilities Bonds payable 60,000 Total liabilities Common stock 99,001 Common stock, par $5 85,000 Earned surplus 24,999 Cash dividends declared 8,000 117,999 Total liabilities and stockholders' equity $217,000 Evaluate the balance sheet presented. State briefly the proper treatment of any item criticized.