List the errors you find in the following partial balance sheet: CHICO COMPANY Balance Sheet December 31,

List the errors you find in the following partial balance sheet:

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CHICO COMPANY Balance Sheet December 31, 20Y7 Assets Total current assets $350,000 Replacement Cost Accumulated Book Value Depreciation Property, plant, and equipment: Land $ 250,000 $ 20,000 $230,000 Buildings 400,000 150,000 250,000 330,000 175,200 154,800 Factory equipment Office equipment 72,000 48,000 24,000 Patents 48,000 48,000 Goodwill 90,000 3,000 87,000 Total property, plant, and equipment $ 396,200 $1,190,000 793,800