The following balance sheet for Jaira Corporation has a number of formats, classification, and terminology deficiencies. Assume that all the figures are correct.

Jaira Corporation Statement of Financial Position Year Ended December 31, 2020

Assets
Current assets:
Cash in banks		$11,800
Due from customers & employees	$9,700
Less reserve for uncollectibles	600
Bond sinking fund		15,000
Inventories		22,320
Total current assets		58,300
Property, plant & equipment:
Land & buildings		41,000
Furniture & fixtures		17,500
Used property held for sale		4,000
Total		62,500
Less accumulated depreciation		19,000
Total property and equipment		43,500
Deferred charges:
Unamortized bond discount		1,200
Supplies on hand		2,000
Goodwill		14,000
Total		17,200
Other assets:
Treasury stock (at cost)		$5,500
Total assets		$124,500
Equities
Liabilities:
Accrued bond interest expense		$900
Accounts & notes payable		21,000
Bonds payable		30,000
Accumulated Other Comprehensive Income		10,000
Total liabilities		61,900
Net worth:
Common Shares		40,000
Retained earnings		7,600
Reserve for bond sinking fund		15,000
Total net worth		62,600
Total equities		$124,500

Required: List 10 deficiencies Jaira Corporation Statement of Financial Position.