Balance Sheet

Below is the balance sheet for Labyrinth Services Co., which contains errors.

Labyrinth Services Co.
Balance Sheet
For the Year Ended August 31, 2018
Assets
Current assets:
Cash	$14,600
Accounts payable	24,800
Supplies	6,600
Prepaid insurance	11,900
Land	189,400
Total current assets		$247,300
Property, plant, and equipment:
Building	$396,400
Equipment	89,700
Total property, plant, and equipment		644,800
Total assets		$892,100
Liabilities
Current liabilities:
Accounts receivable	$33,200
Accumulated depreciationbuilding	163,200
Accumulated depreciationequipment	26,500
Net income	141,900
Total liabilities		$364,800
Stockholders' Equity
Wages payable	$2,800
Common stock	150,000
Retained earnings	374,500
Total stockholders' equity		527,300
Total liabilities and stockholders' equity		$892,100

Prepare a corrected balance sheet.

Labyrinth Services Co.
Balance Sheet
August 31, 2018
Assets
Current assets:
Cash		$
Accounts receivable
Supplies
Prepaid insurance
Total current assets			$
Property, plant, and equipment:
Land		$
Building	$
Accumulated depreciation - building
Book value - building
Equipment	$
Accumulated depreciation - equipment
Book value - equipment
Total property, plant, and equipment
Total assets			$
Liabilities
Current liabilities:
Accounts payable		$
Wages payable
Total liabilities			$
Stockholders' Equity
Common stock		$
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity			$