The assets of Fonzarelli Corporation are presented below (000s omitted).
FONZARELLI CORPORATIONBALANCE SHEET (PARTIAL)DECEMBER 31, 2017
AssetsCurrent assetsCashUnclaimed payroll checksDebt investments (trading) (fair value $30,000) at costAccounts receivable (less bad debt reserve)Inventory—at lower-of-cost (determined by the next-in,first-out method)-or-net realizable valueTotal current assetsTangible assetsLand (less accumulated depreciation)Buildings and equipmentLess: Accumulated depreciationNet tangible assetsLong-term investmentsStocks and bondsTreasury stockTotal long-term investmentsOther assetsDiscount on bonds payableSinking fundTotal other assetsTotal assets$800,000250,000$100,00027,50037,00075,000240,000479,50080,000550,000630,000100,00070,000170,00019,400975,000994,400$2,273,900
Indicate the deficiencies, if any, in the foregoing presentation of Fonzarelli Corporation’s assets.