The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. Additional Information: Cash includes a $20,000 bond sinking fund to be used for repayment of the bonds payable in 2017. The cost of the machinery is $190,000. Accounts receivable includes a $20,000 note receivable from a customer due in 2016. The note payable includes accrued interest of $5,000. Principal and interest are both due on February 1, 2014. The company began operations in 2008. Income less dividends since inception of the company totals $35,000. 6.50,000 shares of no par common stock were issued in 2008.100,000 shares are authorized