List the errors you find in the following balance sheet. Prepare a corrected balancesheet. Poshe Services Co.

List the errors you find in the following balance sheet. Prepare a corrected balancesheet.

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Poshe Services Co. Balance Sheet For the Year Ended May 31, 2012 Assets Liabilities Current assets: Current liabilities Cash Supplies.... Land. Accum. depr-building 155,000 Accum. depr-equipment 25,000 Net income 6,500 12,000 e.. 135,000 Total liabilities.... 5347,500 Total current assets and equipment: Equipment $236,500 Property, plant, Owner's Equity Wages payable .. Hector Delgado, capital Total owner's equity 2,500 498,500 85,000 Total property, plant, and equipment.... 501,000 612,000 Total liabilities and 848 500 owner's equity Total assets 5848,500