The current assets and current liabilities sections of the balance sheet of Allessandro Scarlatti Company appear as follows.

ALLESSANDRO SCARLATTI COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2014
Cash				$ 40,140		Accounts payable		$ 64,160
Accounts receivable		$89,420				Notes payable		72,590
Less: Allowance for doubtful accounts		7,210		82,210				$136,750
Inventory				173,390
Prepaid expenses				9,830
				$305,570

The following errors in the corporation