The following statement of financial position was prepared for Gable Industries Incorporated for the year ending November 30, 2018. Indicate whether each line of the statement of financial position is correct or incorrect. Note: errors may relate to terminology, format, or calculations.

Gable Industries Incorporated Statement of Financial Position Year Ended November 30, 2018 Assets b. C. d. e. Current assets f. Cash g Intangible assets $7,800 1,400 25,000 Accounts receivable