prepare a corrected sheet.

The following balance sheet contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2018 Assets 2 Current assets: 3 Cash $18,000.00 4 31,300.00 Accounts payable 5 Supplies Prepaid insurance 4,000.00 6 18,700.00 7 Land 181,300.00 8 Total current assets $253,300.00 9 Property, plant, and equipment: 10 Building 11 Equipment $440,000.00 95,000.00 12 Total property, plant, and equipment 672,200.00 13 Total assets $925,500.00 14 Liabilities 15 Current liabilities: 16 Accounts receivable 17 Accumulated depreciation building 18 Accumulated depreciation-equipment $41,400,00 155,000.00 23,500.00 19 Net income 117,000.00 20 Total liabilities $334,900.00 21 Stockholders' Equity 22 Wages payable $7,000.00 Instructions 14 Liabilities $41,400.00 15 Current liabilities: 16 Accounts receivable 13 Accumulated depreciation-building 18 Accumulated depreciation-equipment Net income 153,000.00 23,500.00 19 117,000.00