The assets of Fonzarelli Corporation are presented below (000s omitted).

FONZARELLI CORPORATION BALANCE SHEET (PARTIAL) DECEMBER 31, 2017
Assets
Current assets
Cash				$	100,000
Unclaimed payroll checks					27,500
Debt investments (trading) (fair value $30,000) at cost					37,000
Accounts receivable (less bad debt reserve)					75,000
Inventoryat lower-of-cost- (determined by the next-in, first-out method) or-market					240,000
Total current assets					479,500
Tangible assets
Land (less accumulated depreciation)					80,000
Buildings and equipment		$800,000
Less: Accumulated depreciation		250,000			550,000
Net tangible assets					630,000
Long-term investments
Stocks and bonds					100,000
Treasury stock					70,000
Total long-term investments					170,000
Other assets
Discount on bonds payable					19,400
Sinking fund					975,000
Total other assets					994,400
Total assets				$	2,273,900

Indicate the deficiencies, if any, in the foregoing presentation of Fonzarelli Corporations assets.