Mihir Ltd is a retailer of widgets. A part-time bookkeeper who had failed ACCTG 102 prepared the following Balance Sheet as at 30 June 2017, the end of the financial year. The company's Board of Directors suspects adjustments/corrections may be necessary. Mihir Ltd Balance Sheet For the Year Ending June 30, 2017 Liabilities Mortgage Payable Accounts Payable Warranty Provision Accrued Expenses $380,000 23,000 13,200o 15,000 Payable Debentures Payable 103,00OO $534,20o 1,000,00o 2,366,65o Share Capital Retained Earnings Revaluation Reserve Total Equity Total Liabilities& Equity 300,000 3,666,650 $4,200,850 Assets Cash Accounts Receivable Office Supplies Inventory Investment Property Land &Buildings Total Assets 6,000 3,350 1,500 1,990,000 1,00o,000 1,200,000 $4,200,850