On January $1,2023,$ Carrey Cannuck started a company. On December $31$st$,$ Carrey $($president and sole stockholder$),$ prepared the following balance sheet;

Assets:

Cash $$20,000$

Accounts receivable $$50,000$

Inventory $$36,000$

Boat $$24,000$

Liabilities and Stockholders' Equity:

Accounts payable $$30,000$

Notes payable $$15,000$

Boat loan $$22,000$

Stockholders equity $$63,000$

Carrey willingly admits that she is not an accountant by training. She is concerned that her balance sheet might not be correct. She has provided you with the following additional information.

$1.$ The boat actually belongs to Carrey, not to her Corporation. However. because she thinks she might take customers out on the boat occasionally. she decided to list it as an asset of the company. To be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat.

$2.$ The inventory was originally purchased for $$25,000,$ but due to a surge in demand Carrey now thinks she could sell it for $$36,000.$ She thought it would be best to record it at $$36,000.$

$3.$ Included in the accounts receivable balance is $$10,000$ that Carrey loaned to her brother $5$ years ago. She included this in the receivables of the Corporation so she wouldn't forget that her brother owes her money.

Provide the correct balances$/$information for the balance sheet;

Where should the boat be reported?

Where should the boat loan be reported?

How much should inventory be reported as$?$

How much should revenue be reported as when inventory Is sold?

Where should the $$10,000$ loan be reported?

Also, Find:

Accounts Recelvable:

Total Assets:

Total Liabilities:

Stockholders Equity:

Cash:

Notes Payable:

Accounts Payable: