Please fix my balance sheet wherever there are red boxes they are wrong.

Blue Inc. had the following balance sheet at December 31, 2019. Cash Accounts receivable Investments Plant assets (net) Land BLUE INC. BALANCE SHEET DECEMBER 31, 2019 $23,230 Accounts payable 24,430 Notes payable (long-term) 35,230 Common stock 81,000 Retained earnings 43,230 $207,120 $33,230 44,230 103,230 26,430 $207,120 During 2020, the following occurred. 1. 2. 3. 4. Blue Inc. sold part of its debt investment portfolio for $16,408. This transaction resulted in a gain of $4,808 for the firm. The company classifies these investments as available-for-sale. tract of land was purchased for $16,230 cash. Long-term notes payable in the amount of $17,408 were retired before maturity by paying $17,408 cash. An additional $21,408 in common stock was issued at par. Dividends of $9,608 were declared and paid to stockholders. Net income for 2020 was $35,230 after allowing for depreciation of $12,408. Land was purchased through the issuance of $38,230 in bonds. At December 31, 2020, Cash was $40,230, Accounts Receivable was $44,830, and Accounts Payable remained at $33,230. 5. 6. 7. 8. Prepare an unclassified balance sheet as it would appear at December 31, 2020. (List Assets in order of liquidity.) BLUE INC. Balance Sheet December 31, 2020 Assets Cash $140230 TAccounts Receivable T44830 Debt Investments 17822 Plant Assets 168592 TLand) 197690) 269164 Liabilities and Stockholders' Equity X 31840 TAccounts Payable TIT Notes Payable 126822 Common Stock) T1246381 Retained Earnings 42052 Bonds Payable T38230 187122 x Your answer is incorrect. Try again. Compute two cash flow ratios. (Round ratios to 2 decimal places, e.g. 0.62.) Current cash debt coverage ratio .70 :1 Cash debt coverage ratio :1