Need help asap need answer today

what do u mean clarity?

5. Reporting date. Deve Activity 3. Locating Errors in Statement of Financial Position Required: 1. Identify the errors that exist in the statement of financial position of Abbey Limited and why you consider this information incorrect. 2 Prepare a corrected, classified statement of financial position using Account Form Format 3. Based on the statement of financial position categories, what additional information should be disclosed in the notes to the financial statements? $1,000 ,000 --,000 3,000 $5,600 2,000 1.000 Abbey Limited Balance Sheet As at November 30, 2015 Liabilities Current Accounts Payable Notes Payable (due 2016) Bank Loan (due 2022) Total Current Liabilities $22.000 Non-current Mortgage Payable (due 2023) Retained Earnings Salaries Payable Total Non-current Liabilities 5,950 Total abilities Assets Current Cash Accounts Receivable Building Merchandise Inventory Total Current Assets Non-current Short-Term investments Equipment Unused Office Supplies Truck Total Non-current Assets $8,600 3,000 1,500 100 1,350 7.000 1,000 250 8,250 16,850 Equity 11.100 Share Capital Total Assets $27,950 $27,950 Total Liabilities and Assets Go Note; all amounts are in million pesos Additional Information: GE 1. Amounts due on borrowings by November 30, 2020 are as follows: Bank loan 400,000 Mortgage payable 2,000,000 Notes payable 500,000 2. Notes receivable that will be collected by November 30, 2020 amount to 5,000,000. 3. The building was sold on December 15, 2019 for 20,000,000. 5. Reporting date. Deve Activity 3. Locating Errors in Statement of Financial Position Required: 1. Identify the errors that exist in the statement of financial position of Abbey Limited and why you consider this information incorrect. 2 Prepare a corrected, classified statement of financial position using Account Form Format 3. Based on the statement of financial position categories, what additional information should be disclosed in the notes to the financial statements? $1,000 ,000 --,000 3,000 $5,600 2,000 1.000 Abbey Limited Balance Sheet As at November 30, 2015 Liabilities Current Accounts Payable Notes Payable (due 2016) Bank Loan (due 2022) Total Current Liabilities $22.000 Non-current Mortgage Payable (due 2023) Retained Earnings Salaries Payable Total Non-current Liabilities 5,950 Total abilities Assets Current Cash Accounts Receivable Building Merchandise Inventory Total Current Assets Non-current Short-Term investments Equipment Unused Office Supplies Truck Total Non-current Assets $8,600 3,000 1,500 100 1,350 7.000 1,000 250 8,250 16,850 Equity 11.100 Share Capital Total Assets $27,950 $27,950 Total Liabilities and Assets Go Note; all amounts are in million pesos Additional Information: GE 1. Amounts due on borrowings by November 30, 2020 are as follows: Bank loan 400,000 Mortgage payable 2,000,000 Notes payable 500,000 2. Notes receivable that will be collected by November 30, 2020 amount to 5,000,000. 3. The building was sold on December 15, 2019 for 20,000,000