Sheet of Jammy Co. as 1,Required: Correct the mistakes and prepare corrected Balance of 31.12.2016. If a category should not be in Balance Sheet state it and explain why (10 points). ASSETS EQUITY& LIABILITIES 20 000 Share capital 10 000 9 000 Negative goodwill Machinery, plant and equipment-gross value 60 000 Taxes and fees Long term bank loans 21000 Accumulated depreciation of 40 000 machinery, plant and equipment Revaluation reserve 12 000 17 500 Trade receivables due after 24 5 000 2 200 Share capital not paid up Purchased short term debt securities months Cash at the bank and on hand Trade liabilities due in 2 years (2018) Materials damage during a flood (initial value 10 000, current resale value 0) Retained earnings 8 200 Change in value of liabilities 15 500 Materials and energy used 14 000 2 100 13 000 10 000 Trademark ????? Short term loans granted to 20 000 other companies 8 500 Semi-finished products Finished goods Total assets 5 000 Total equity and liabilities