You are the sole owner of a beachfront property in florida consisting of $1$ building with $4$ housing units and $10$ acres of land, of the $10$ acres $3$ of them are beachfront sand.

After a tropical storm the beach front property has suffered from erosion and the beachfront sand diminished by $20\%.$ Your property is now at risk of flooding and is a smaller land size than when you originally bought it$.$

$1.$Present these changes and losses in a balance sheet, explain the losses.