In this section, all questions are worth 2 marks unless indicated otherwise. You and your friend Shanelle from ACC100 have been studying for the final exam. Shanelle is very uncertain about the structure of the balance sheet and shows you a practice balance sheet, provided below. Shanelle could not get the balance sheet to balance. You are told that the retained earnings amount was changed to make the assets equal the liabilities plus equity BUT you both know the retained earnings number is WRONG! You see right away that there are several errors on the statement. Because you are good friends, you decide to produce for Shanelle a balance sheet in good form using the correct format AND with the correct retained earnings amount. REQUIRED-Answer the questions below with the numbers that would appear on a CORRECT balance sheet. Year ending December 31, 2021 ASSETS Cash 18,650 Office supplies 2,145 Prepaid insurance 1,500 Inventory 5,575 Accounts receivable 1,500 Prepaid rent 1,650 Deferred revenue 2,165 Equipment 95,300 TOTAL ASSETS 128,485 LIABILITIES AND EQUITY Interest payable 2,400 Salaries payable 11,640 Accumulated 22,500 depreciation Note payable 27,000 (due in 2023) Accounts payable 2,385 Income tax payable 2,100 Dividends (7,500) Retained earnings (INCORRECT!) 20,310 Profit 15,650 Owners' capital 32,000 TOTAL LIABILITIES AND EQUITY 128.485 Question 67 (1 point) What is the correct heading for this statement? (1 mark) December 31, 2021, Balance Sheet, Marvellous Computer Systems Ltd. O Balance Sheet, December 31, 2021, Marvellous Computer Systems Ltd. O Marvellous Computer Systems Ltd., Year ended December 31, 2021, Balance Sheet The heading above is correct. Balance Sheet, Marvellous Computer Systems Ltd., Year ended December 31, 2021 Marvellous Computer Systems Ltd., Balance Sheet, December 31, 2021 Question 68 (2 points) What is the correct amount of long-term liabilities? A/ Question 69 (2 points) What is the correct amount of total equity? A Question 70 (2 points) What is the correct amount of total assets? Question 71 (2 points) What is the correct amount of current assets? A Question 72 (2 points) What is the correct amount of total liabilities? Question 73 (2 points) What is the correct amount of long-lived assets? Question 74 (2 points) A What is the correct amount of current liabilities? A Question 75 (2 points) What is the correct amount of retained earnings? A/