TESCO Co Ltd Balance Sheet December 31, 2017 Assets Liabilities $11,000 Cash Accounts Payab le $18,000 7,000 Supplies Accounts (30,500) receivable 48,000 Equipment Common 93,500 Stock Rent expense 12,000 Preferred 35000 Stock Utilities expenses 15000 Salaries 4000 expenses Insurance expense 3000 (16 Inventory 000) Insurance payable (3000) interest 3000 Property and expense Plant 70000 Marketable (27000) securities Bonds payable Sales 0000 Revenue 000 Total assets Total S103 000 liabilities and owner's equity 103000 Analyze the balance Sheet of TESCO Co Ltd. 1. Identify the mistakes