The following is the balance sheet of Sameed Brothers Corporation

(Critique of Balance Sheet Format and Content) The following is the balance sheet of Sameed Brothers Corporation (000s omitted)..364px;=”” collapse;=”” 12px=””>SAMEED BROTHERS CORPORATIONBalance SheetDecember 31, 2017AssetsCurrent assets Cash$26,000 Marketable securities18,000 Accounts receivable25,000 Inventory20,000 Supplies4,000 Stock investment in subsidiary company?20,000$113,000Investments Treasury stock25,000Property, plant, and equipment Buildings and land91,000 Less: Reserve for depreciation?31,00060,000Other assets Cash surrender value of life insurance19,000 Total assets$217,000?? ? ????Liabilities and Stockholders’ EquityCurrent liabilities Accounts payable$22,000 Reserve for income taxes15,000 Customers’ accounts with credit balances??????1$ 37,001Deferred credits Unamortized premium on bonds payable2,000Long-term liabilities Bonds payable??60,000 Total liabilities99,001Common stock Common stock, par $585,000 Earned surplus24,999 Cash dividends declared???8,000?117,999 Total liabilities and stockholders’ equity$217,000?? ? ????InstructionsEvaluate the balance sheet presented. State briefly the proper treatment of any item criticized.