The manager of Top Runner, Inc, prepared the company's balance shoot as of January 31, 2018, while the company's accountant was ill. The balance sheet contains numerous errors. In particular, the manager knew that the balance shoot should balance, so she plugged in the stockholders' equity amount needed to achieve this balance. The stockholders' equity amount is not correct. All other amounts are accurato, (Click the icon to view the manager's balance shoot.) Read the resultamente Requirement 1. Prepare the correct balance sheet and date it properly. Compute total assets, total liabilities, and stockholders' equity. (Do not classify the balance sheet into current and long-term sections. In the first part complete the assots section of the balance sheet. In the second part complete the abilities and stockholders' oquity section of the balance shoot. If a box is not used in the balance sheet, love the box empty, do not select a label or enter a zoro) Assets Llabilities Total liabilities Stockholders' Equity Total assets Total liabilities and stockholders' equity Requirement 2. Is Top Runner actually in better (or worse) financial position than the orroneous balance shoet reports? Give the reason for your answer The manager of Top Runner, Ina, prepared the company's balance sheet as of January 31, 2018, while the company's accountant was ill. The balance sheet contains numerous errors. In particular, the manager knew that the balance sheet should balance, so she plugged in the stockholders' equity amount needed to achieve this balance. The stockholders' equity amount is not correct. All other amounts are accurate, (Click the icon to view the manager's balance shoot.) Read the resulcements Stockholders' Equity J. and Total assets Total liabilities and stockholders' equity Requirement 2. Is Top Runner actually in better (or worso) financial position than the erroneous balance sheet reportal? Give the reason for your answer Top Runner is in financial position because stockholders' equity han by s liabilities have by $ Requirement 3. Identify the accounts linted on the incorrect balance sheet that should not be reported on the balance shoot. Stato why you excluded them from the correct balance shoot you propared for Requirement 1. on which financial statement should these socounts appear? The accounts that are not on the balance sheet are The accounts that are loft off of the balance sheet are excluded because they are M Those nocounts are listed on the More Info Top Runner, Inc. Balance Sheet January 31, 2018 Assets Cash $ Equipment Accounts payable Liabilities 8,500 Notes receivable 39,000 Interest expense 7,500 Office supplies 1,100 Accounts receivable 13,500 1,900 1,200 3,600 51,000 Utilities expense Advertising expense Land 200 Note payable 83,000 Total 3,800 Stockholders' Equity 71,200 Salary expense 71.900 Stockholders' equity $ 143,100 143,100 Total assets Total liabilities Print Done