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 Accounts payable Supplies Prepaid insurance $15,900 25,000 7,200 13,000 188,400 Land $249,500 Total current assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment Total assets $394,200 89,200 648,300 $897,800 Liabilities $36,100 162,300 26,400 142,700 Current liabilities: Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Net income Total liabilities Stockholders' Equity Wages payable Common stock Retained earnings Total stockholders' equity $367,500 $2,800 150,000 377,500 530,300 $897,800 Total liabilities and stockholders' equity Labyrinth Services Co. Balance Sheet August 31, 2018 Assets Current assets: Cash $ Accounts receivable 15,900 36,100 7,200 13,000 Supplies Prepaid insurance 1 $ 72,200 Total current assets Property, plant, and equipment: Land $ 188,400 $ Building Accumulated depreciation - building 394,200 162,300 Book value - building Accounts receivable x Equipment x Book value-equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts payable Wages payable Total liabilities Stockholders' Equity Equipment x Wages payable x Total stockholders' equity Total liabilities and stockholders' equity