List the errors you find in the following partial balance sheet: Contours Company Balance Sheet December 31,

List the errors you find in the following partial balance sheet:

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Contours Company Balance Sheet December 31, 2012 Assets Total current assets. $350,000 Replacement Accumulated Depreciation Book Value Cost Property, plant, and equipment: $ 25,000 $ 75,000 166,000 Land. $100,000 Buildings.. Factory equipment Office equipment. 256,000 90,000 297,000 110,000 187,000 48,000 72,000 24,000 Patents 48,000 48,000 Goodwill. 27,000 7,000 20,000 Total property, plant, and equipment. $800,000 $280,000 $520,000