Mamaroneck Culinary Experiences operates a successful catering business specializing in Indigenous food and beverages. Mamaroneck Culinary Experiences financial statements for 2023, 2024, and 2025 show the following assets, liabilities, and owner's equity. For each year, indicate if there is an error or not. Explain.

Determine whether there is an error for the year 2023.

What is the total assets for 2023?

What is the total liabilities and owner's equity for 2023?

Is total liabilities and owner's equity equal to total assets?

Is there an error for the year 2023?

Next, determine whether there is an error for the year 2024.

What is the total assets for 2024?

What is the total liabilities and owner's equity for 2024?

Is total liabilities and owner's equity equal to total assets?

Is there an error for the year 2024?

Next, determine whether there is an error for the year 2025.

What is the total assets for 2025?

What is the total liabilities and owner's equity for 2025?

Is total labilities and owner's equity equal to total assets?

Is there an error for the year 2025?

and 2025 show the following assets, lability owner's equity. Fer each year, indicate if there is an error or not. Explain. [Crick the icon to view the assets, liablilities, and owner's equily.]