please answer the question on the second photo indicating the deficiencies.

$ 100,000 27.500 37.000 75,000 240,000 479,500 FONZARELLI CORPORATION BALANCE SHEET (PARTIAL) DECEMBER 31, 2020 Assets Current assets Cash Unclaimed payroll checks Debt investments (trading) (fair value $30,000) at cost Accounts receivable (less bad debt reserve) Inventory-at lower-of-cost-(determined by the next-in, first-out method) or-net realizable value Total current assets Tangible assets Land (less accumulated depreciation) Buildings and equipment Less: Accumulated depreciation Net tangible assets Long-term investments Stocks and bonds Treasury stock Total long-term investments Other assets Discount on bonds payable Sinking fund Total other assets Total assets 80,000 $800,000 250,000 550,000 630,000 100.000 70,000 170,000 19,400 975,000 994,400 $ 2.273.900 Indicate the deficiencies, if any, in the foregoing presentation of Fonzarelli Corporation's assets. B 1 VT T T. !!! HI! a w