WRITING(Critique of Balance Sheet Format and Content)The following is the balance sheet of Sameed Brothers Corporation (000s omitted).

SAMEED BROTHERS CORPORATION BalanceSheet December31, 2017
Assets
Current assets
Cash	$26,000
Marketable securities	18,000
Accounts receivable	25,000
Inventory	20,000
Supplies	4,000
Stock investment in subsidiary company	20,000	$113,000
Investments
Treasury stock	25,000
Property, plant, and equipment
Buildings and land	91,000
Less: Reserve for depreciation	31,000	60,000
Other assets
Cash surrender value of life insurance	19,000
Total assets	$217,000
Liabilities and Stockholders Equity
Current liabilities
Accounts payable	$22,000
Reserve for income taxes	15,000
Customers accounts with credit balances	1	$ 37,001
Deferred credits
Unamortized premium on bonds payable	2,000
Long-term liabilities
Bonds payable	60,000
Total liabilities	99,001
Common stock
Common stock, par $5	85,000
Earned surplus	24,999
Cash dividends declared	8,000	117,999
Total liabilities and stockholders equity	$217,000

Instructions

Evaluate the balance sheet presented. State briefly the proper treatment of any item criticized.