This is the instructors comments.I don't understand what I need to do to my spreadsheet.This is a fictious balance sheet that I made up for a fictious company.

I hope things are going well. On your Balance Sheet, your retained earnings amount must match and be the exact same dollar amount as you annual net profit/loss amount from your F1. Profit and Loss Statement. You will need to update this retained earnings amount and then adjust your balance sheet accordingly so it will balance. You currently have this amount listed as cash, which is incorrect. In addition, under Long-term Liabilities, these amounts should just be the balance of the loan (what you still owe on the loan) at the end of the first year. Please let me know if you have any questions or need anything else.