Question: What is wrong about the liabilities and owners' equity portion of the balance sheet below? begin{tabular}{lr} hline Depreciation expense & $98,100 Cash & 336,800

What is wrong about the liabilities and owners' equity portion of the balance sheet below?  What is wrong about the liabilities and owners' equity portion of
the balance sheet below? \begin{tabular}{lr} \hline Depreciation expense & $98,100 \\ Cash
& 336,800 \\ Long-term debt & 501,800 \\ Sales & 859,000 \\
Accounts payable & 152,100 \\ General and administrative expense & 118,900 \\

\begin{tabular}{lr} \hline Depreciation expense & $98,100 \\ Cash & 336,800 \\ Long-term debt & 501,800 \\ Sales & 859,000 \\ Accounts payable & 152,100 \\ General and administrative expense & 118,900 \\ Buildings and equipment & 1,342,900 \\ Notes payable & 113,000 \\ Accounts receivable & 250,475 \\ Interest expense & 7,080 \\ Accrued expenses & 11,800 \\ Common stock & 434,300 \\ Cost of goods sold & 444,700 \\ Inventory & 148,805 \\ Taxes & 74,765 \\ Accumulated depreciation & 395,500 \\ Taxes payable & 21,530 \\ Retained earnings & 448,950 \\ \hline \end{tabular} TNT Inc. Income Statement Balance Sheet \begin{tabular}{lrr} \hline Cash & $ & 336,800 \\ Inventories & & 148,805 \\ Accounts Receivable & $ & 736,080 \\ Current Assets & $ & 1,342,900 \\ Buildings and Equipment & & 395,500 \\ Less: Accumulated Depreciation & $ & 947,400 \\ \hline Net Plant and Equipment & $ & 1,683,480 \\ \hline \hline Total Assets \end{tabular} Balance Sheet (Cont'd)

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