Please help me correct the incorrect entries.

Thank you!

Near the end of 2017, the management of Dimsdale sheet for December 31, 2017 Sports Co, a merchandising company, prepared the following estimated balance DIMSDALE SPORTS COMPANY Estimated Balance Sheet December 31, 2017 Assets Cash Accounts receivable Inventory Total current assets Equipment Lesss accumulated depreciation $ 36,000 525,000 150,000 540,000 67,500 711,000 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 Common stock Retained earnings Total stockholders' equity 465,000 72,500 246,000 718 500 $1,183,500 Total liabilities and equity