The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing t statement you notice several errors. LOS GATOS CORPORATION Balance Sheet At December 31, 2018 Assets Cash Accounts receivable Inventories Machinery (net) Franchise (net) $ 76,000 134,000 73,000 138,000 48,000 $469,000 Total assets Liabilities and Shareholders' Equity Accounts payable Allowance for uncollectible accounts Note payable Bonds payable Shareholders' equity $ 86,000 23,000 91,000 128,000 141,000 $469,000 Total 1liabilities and shareholders' equity Additional information: 1. Cash includes a $38,000 restricted amount to be used for repayment of the bonds payable in 2022 2. The cost of the machinery is $226,000 3. Accounts receivable includes a $38,000 note receivable from a customer due in 2021 4. The note payable includes accrued interest of $23,000. Principal and interest are both due on February 1, 2019 5. The company began operations in 2013. Income less dividends since inception of the company totals $53,000 6. 68,000 shares of no par common stock were issued in 2013.100,000 shares are authorized Required: Prepare a corrected, classified balance sheet. (Amounts to be deducted should be indicated by a minus sign.) LOS GATOS CORPORATION Balance Sheet At December 31, 2018 Assets