Question: Balance Sheet Presentation List the errors you find in the following partial balance sheet: Burnt Red Company Balance Sheet December 31, 20Y2 Assets Total current

Balance Sheet Presentation List the errors you find in the following partial balance sheet: Burnt Red Company Balance Sheet December 31, 20Y2 Assets Total current assets $350,000 Replacement Cost Accumulated Depreciation Book Value Property, plant, and equipment: Land Buildings Factory equipment Office equipment Patents Goodwil $250,000 450,000 375,000 125,000 90,000 60,000 $1,350,000 $50,000 160,000 140,000 60,000 $200,000 290,000 235,000 65,000 90,000 50,000 $930,000 10,000 Total property, plant, and equipment $420,000 1. Fixed assets should be reported at 2. Land 3. Patents and goodwill should be 4. Goodwill should be
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