My question is mainly about what is wrong with the balance sheet? (Detailed sentence explanation please)

1. George's Pizzeria has the following information as of December 31,2012: cash, $2,000; pizza ovens, $25,000; furniture, $12,500; accounts payable, $3,500; notes payable, $12,500; accumulated depreciation, $10,000; wages payable, $1,500; taxes payable, $2,500; equipment loan, $18,000. Construct a balance sheet for George. Do you think he has a problem with his current balance sheet? If so, what is it