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The following classified Balance Sheet was prepared for Leslees Fine Foods as at December 31, 2020. Identify material 10 errors or omissions in the statement. Place your response on the next page

Line Reference	Leslees Fine Foods Ltd.
A	Statement of Retained Earnings
B	As at December 31, 2020
C	Reported in CAD$
D	Assets
E	Cash		-2,200
F	Accounts Receivable		60,500
G	Inventory, at market		31,000
H	Supplies		3,800
I	Cost of sales		2,500
J	Prepaid Insurance		1,500
K	Investments		36,000
L	Property, Plant & Equipment
M	Equipment, current market value	393,000
N	Add: Depreciation expense	56,000
O	Property, Plant & Equipment - Net		449,000
P	Goodwill		308,000
Q	Deferred revenue		15,000
R	Total Assets		905,100
S
T	Liabilities
U	Current Liabilities
V	Long term debt		20,000
W	Accrued royalty receivables		6,100
X	Wages payable		8,500
Y	Interest payable		2,900
A	Allowance for doubtful accounts		6,100
AA	Total Current Liabilities		43,600
BB	Non-Current Liabilities
CC	Accounts payables		35,900
DD	Loss from discontinued operations		15,500
EE	Due to related parties		400,000
FF	Total Long-Term Liabilities		451,400
GG	Total Liabilities		495,000
HH	Shareholders' Equity
II	Retained Earnings		372,600
JJ	Total Shareholders' Equity		372,600
KK	Total Liabilities & Shareholders' Equity		867,600

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