The following balance sheet has been submitted to you by an inexperienced bookkeeper. List your suggestions for improvements in the format of the balance sheet. Consider both terminology deficiencies as well as classification inaccuracies. (There are at least 15 deficiencies.) Note 2 The inventory account includes only items physically present at the main plant and warehouse. Items located at the company's branch sales office amounting to $40, 000 are excluded since the company has consistent followed this procedure for many years