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The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. 1.

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The following balance sheet for the Los Gatos Corporation was prepared by a recently hired accountant. In reviewing the statement you notice several errors. 1. Cash includes a $29,000 restricted amount to be used for repayment of the bonds payable in 2028 2. The cost of the machinery is $208,000 3. Accounts receivable includes a $29.000 notes receivable from a customer due in 2027. 4. The notes payable balance includes accrued interest of $14,000. 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 $44,000 6. 59,000 shares of no par common stock were issued in 2019.100 .000 shares are authorized. Required: Prepare a

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