The following balance sheet contains errors. 
a) List the errors in the balance sheet above and b) prepare a corrected balance sheet.
Definitions:
Desired State
The ideal condition or situation that an individual, group, or organization aims to achieve in the future through its efforts and strategies.
Actual State
The current condition or reality of a situation, organization, or system, as opposed to its intended or theoretical state.
Corrective Action
A set of actions taken to fix or improve a process, product, or behavior after identifying a problem or nonconformity.
Desired States
Preferred outcomes or conditions that an individual, group, or organization aspires to achieve in the future.
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