I added in Cash and Accounts Receivable.

50,000 shares of no par common stocks were issued in 2016. 100,000 shares are authorized.

I don't understand what you mean about the requirement.

The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At December 31, 2021 Assets Cash Accounts receivable Inventory Machinery (net) Franchise (net) Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders equity Total liabilities and shareholders' equity $ 40,000 80,000 55,000 120,000 30,000 $325,000 50,000 5,000 55,000 110,000 105,800 $325,000 Additional Information: 1. Cash includes a $20,000 restricted amount to be used for repayment of the bonds payable in 2025. 2. The cost of the machinery is $190,000. 3. Accounts receivable includes a $20,000 notes receivable from a customer due in 2024. 4. The notes payable balance includes accrued interest of $5,000. Principal and interest are both due on February 1, 2022. 5. The company began operations in 2016. Net income less dividends since inception of the company totals $35.000. Assets Current assets Cash 20,000 Accounts receivable Nel accounts receivable 0 Total current assets 20,000 Investments Total investments Property, plant, and equipment Net property, plant, and equipment Intangible assets 0 Total assets $ 20,000 Liabilities and Shareholders' Equity Current liabilities Assets Current assets. Cash Accounts receivable $ 20,000 Net accounts receivable 0 Total current assets 20,000 Investments Franchise (net) Long-term investments X X 0 Total investments Property, plant and equipment: Equipment Land Net property, plant and equipment Intangible assets Patent 0 S 20.000 Total assets