P1-5C. While Jon Lune was on a business trip, he asked Abby Simpson, the bookkeeper Preparing accurate balance sheets for Lune Co., to try to complete a balance sheet for the year ended December 31, 0 (30 min) 2022. Abby, who had been on the job only two months, submitted the following: LUNE CO. FOR THE YEAR ENDED DECEMBER 31, 2022 Choke Figure J. Lune, Capital $50,049 Building Land Notes Payable Cash J. Lunc, Capital $4416 00 00 72/93 500 7532800 101016/00 $ 500 49 00 Accounts Payable Accounts Receivable Auto Desks Total Equity $127 60/400 1043 3 700 142 68 00 68 2500 500 3400 1. Help Abby fix and complete the balance sheet. 2. What written recommendations would you make about the bookkeeper 3. Suppose that (a) Jon Lune invested an additional $20,000 in cash as well as additional desks with a value of $8,000 and (b) Lune Co, bought a car for $6,000, paying $2,000 down and issuing a note payable for the balance Prepare an updated balance sheet. Assume that these two transactions occurred on January 4 of the next year