Question 3 (8 Marks): LO 3,5 Yousif is a new accountant at Reema Company, he made some errors while preparing Statement of Financial Position. Yousif errors led to total assets of BHD573.000 and total equity and liabilities BHD592,000. Required: Identify the errors and recommend how we can correct them. (4 errors) Reema Company Statement of Financial Position For the period ended 31 December 2019 BHD BHD 86,000 41,000 101,300 228,300 3,700 12,000 196,000 100,000 33,000 Noncurrent Assets: Equipment, net Building, net Land Total non-current assets Current assets: Inventory, 1 December 2019 Office supplies Notes receivable (due in 2 years) Accounts receivable Cash Total current assets Total assets Equity: Capital, 31 December 2018 Non-Current liability: Long-term notes payable Bank overdraft Current liability: Accounts payable Unearned revenue Interest payable Total current liability Total liability Total equity & liability 344,700 573,000 131,200 198,000 48,000 124,060 78,460 12,280 234,800 592,000