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 $$33,000$ restricted amount to be used for repayment of the bonds payable in $2028.$

The cost of the machinery is $$216,000.$

Accounts recelvable includes a $$33,000$ notes recelvable from a customer due in $2027.$

The notes payable balance includes accrued interest of $$18,000.$ Principal and Interest are both due on February $1,2025,$

The company began operations in $2019.$ Net income less dividends since inception of the company totals $$48,000.$

$63,000$ shares of no par common stock were issued in $2019\mathrm{.}100,000$ shares are authorized.