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Please help me correct the incorrect entries (entries with red X next to them) Thank you! Near the end of 2017, the management of Dimsdale

Please help me correct the incorrect entries (entries with red X next to them)
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Near the end of 2017, the management of Dimsdale Sports Co, a merchandising company. p repared the following estimated balance sheet for December 31, 2017. DIMSDALE SPORTS cOMPANY Estinated Balance Sheet December 31, 2017 Assets Cash Accounts receivable Inventory Total current assets Equipnent Lessi aceumulated depreciation 36,000 525,000 150,000 s 711,000 540,000 67,500 Equipment, net Total assets 472,500 $1,183,500 Liabilities and Equity 360,000 15,000 90,000 Accounts payable Bank loan payable Taxes payable (due 3/15/2018) Total liabilities Coamon stock Retained earnings Total stockholders' equity 465,000 472,500 246,000 718,500 Total liabilities and equity $1,183,500

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