Classified Balance Sheet has numerous errors

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the_following_classified_balance_sheet_has_numerous_errors.docx

1. The following Classified Balance Sheet has numerous errors. Indicate the errors in this Balance Sheet by preparing a corrected Classified Balance Sheet with all required information. https://erau.blackboard.com/bbcswebdav/pid-12892950-dt-content-rid-20856747_4/xid-20856747_4

Additional Information: Land has an original cost of $3,000 and inventory cost the company $5,000.