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, 20Y3
Assets
Current assets:
Cash	$15,800
Accounts payable	27,000
Supplies	7,200
Prepaid insurance	13,000
Land	206,000
Total current assets		$269,000
Property, plant, and equipment:
Building	$430,800
Equipment	97,400
Total property, plant, and equipment		700,400
Total assets		$969,400
Liabilities
Current liabilities:
Accounts receivable	$36,000
Accumulated depreciationbuilding	177,400
Accumulated depreciationequipment	28,800
Net income	154,200
Total liabilities		$396,400
Stockholders' Equity
Wages payable	$3,000
Common stock	150,000
Retained earnings	420,000
Total stockholders' equity		573,000
Total liabilities and stockholders' equity		$969,400

Prepare a corrected balance sheet.

Labyrinth Services Co.
Balance Sheet
August 31, 20Y3
Assets
Current assets:
		$
Total current assets			$
Property, plant, and equipment:
		$
	$
	$
Total property, plant, and equipment
Total assets			$
Liabilities
Current liabilities:
		$
Total liabilities			$
Stockholders' Equity
		$
Total stockholders' equity
Total liabilities and stockholders' equity			$