Instructions The following balance sheet contains errors. Mark Brock Services Co. Balance Sheet For the Year Ended December 31 Assets Current assets: Cash $7,170 Accounts payable 7,500 Supplies 2,590 Prepaid insurance 800 Land 24,000 Total current assets $42,060 DEAR land and ant Instructions Property, plant, and equipment: Building $43,700 Equipment 29,250 Total property, plant, and equipment 72,950 Total assets $131,510 Liabilities Current liabilities: Accounts receivable $10,000 Accumulated depreciation-building 12,525 Accumulated depreciation equipment 7,340 Net income 11,500 Total liabilities $41,365 Stockholders' Equity HULLONS Accounts, Labels, and Amount Descriptions Balance Sheet Instructions Accumulateu depreciation equipment 7,340 Net income 11,500 Total liabilities $41.365 Stockholders' Equity Wages payable $1,500 Common stock 86,645 Retained Earnings 2.000 Total stockholders' equity 90,145 Total liabilities and stockholders' equity $131,510 Required: Prepare a corrected balance sheet. Be sure to complete the statement heading Refer to the lists of Accounts Labels and Amount Descnption for the exact wording and order of text entries. You will not need to enter colons() on the Balance Sheet less" or "Plus ww automatically appear if it is required ctions ccounts, Labels, and Amount Descriptions Accounts Cash Accounts receivable Supplies Prepaid insurance Land Building Accumulated depreciation-building Equipment Accumulated depreciation equipment Accounts payable Wages payable Common stock Retained earnings Labels uctions Accounts, Labels, and Amount Descriptions Accounts payable Wages payable Common stock Retained earnings Labels Current assets Current liabilities December 31 Property, plant, and equipment Amount Descriptions Total assets Total current assets Total property, plant, and equipment Total liabilities Total liabilities and stockholders' equity Instructions Accounts Labels and Amount Descriptions Balance Sheet Prepare a corrected balance sheet. Be sure to complete the statement heading Refer to the Nats of Accounts, Labels, and Amount Descriptions to the wonder will not need to enter colons() on the Balance Sheet Lessor "Plus"ww.automatically appear is required Mark Brock Services Co. Balance Sheet Label 1 Assets 2 label i Accounts, Labels, and Amount Descriptions Balance Sheet Mark Brock Services Co Balance Sheet (Label) 1 Assets 2 (Label) 3 4 in 6 7 (Label) 9 10 11 All work saved Accounts, Labels, and Amount Descriptions Balance Sheet 12 13 14 15 16 Liabilities 17 (Label) 18 19 20 21 Stockholders' Equity 22 28 24