The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. Cash Accounts receivable: Inventory Machinery (net) Franchise (net) LOS GATOS CORPORATION Balance Sheet At December 31, 2024 Assets $ 42,000 83,000 56,000 Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Notes payable Bonds payable Shareholders' equity Total liabilities and shareholders' equity 121,000 31,000 $333,000 $ 52,000 6,000 57,000 111,000) 107,000 $333,000 Additional Information: 1. Cash Includes a $21,000 restricted amount to be used for repayment of the bonds payable in 2028 2. The cost of the machinery is $192,000. 3. Accounts receivable Includes a $21,000 notes receivable from a customer due in 2027. 4. The notes payable balance includes accrued interest of $6,000. Principal and interest are both due on February 1, 2025 5. The company began operations In 2019. Net Income less dividends since inception of the company totals $36,000. 6. 51,000 shares of no par common stock were issued in 2019. 100,000 shares are authorized. Required: Dranaras retractar elacefied halance sheet Hen the additional information in hain datarmina annrenriate claccifications and account