I am confused on how to adjust the stock holders eq, I've been able to get 40200 but that causes Assets/Liabilities not to balance. I minused the over value of inventory and the personal boat loan from the stock holders eq. Is there something I am doing wrong? Thanks for any help provided!

Cullumber Corporation was formed on January 1, 2025. At December 31, 2025, Linda Williams, the president and sole stockholder, decided to prepare a balance sheet, which appeared as follows. Linda willingly admits that she is not an accountant by training. She is concerned that her balance sheet might not be correct. She has provided you with the following additional information. 1. The boat actually belongs to Linda, not to Cullumber Corporation. However, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. To be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. The inventory was originally purchased for $24,100, but due to a surge in demand Linda now thinks she could sell it for $35,000. She thought it would be best to record it at $35,000. 3. Included in the accounts receivable balance is $10,900 that Linda loaned to her brother 5 years ago. Linda included this in the receivables of Cullumber Corporation so she wouldn't forget that her brother owes her money. CULLUMBER CORPORATION Balance Sheet December 31,2025 Assets Cash Accounts Receivable Inventory Total Assets Liabilities and Stockholders' Equity Liabilities Notes Payable $15,300 Accounts Payable 32,800 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity