Provide suggestions for a simple system of internal controls to assist the owners in protecting assets and ensuring accuracy in financial data. Consider additional controls that will support the potential for adding merchandise and additional assets with business growth/expansion

A Company Balance Sheet As of March 31, 20XX \begin{tabular}{|l|r|} \hline Assets \\ \hline Current Assets: & \\ \hline Cash & 139,465.00 \\ \hline Supplies & 215.00 \\ \hline Accounts Receivable & 3,500.00 \\ \hline & \\ \hline & \\ \hline Total Current Assets & 143,180.00 \\ \hline \end{tabular} Liabilities and Owners' Equity Current Liabilities: \begin{tabular}{|l|r|} \hline Utilities & 135.00 \\ \hline Wages Payable & 275.00 \\ \hline Total Current Liabilities & 410.00 \\ \hline Long Term Liabilities: & 125,000.00 \\ \hline Loan & 125,000.00 \\ \hline Total Long Term Liabilities: & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total Liabilities: & 125,410.00 \\ \hline \end{tabular} Owner's Equity \begin{tabular}{|l|r|} \hline & 20,474.17 \\ \hline & \\ \hline & \\ \hline Total Equity & 20,474.17 \\ \hline \end{tabular} Non-Current Assets: \begin{tabular}{|l|r|} \hline Furniture & 2,750.00 \\ \hline Accumulated Depreciation & (45.83) \\ \hline Total Non Current/Fixed Assets & 2,704.17 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total Assets: & 145,884.17 \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Total Liabilities \& Equity & 145,884.17 \\ \hline \end{tabular}