Problem 1. The following balance sheet contains errors. Lopez Services, Inc. Balance Sheet For the Year Ended December 31, 20-- Assets Liabilities Current assets: Current liabilities: Cash $ 6,170 Accounts receivable $ 9,000 Accounts payable 8,500 Accum. depr- building 13,525 Supplies 1,590 Accum. depr- equipment 6,340 Prepaid insurance 345 Net income 12,500 Land 25,000 Total current Total liabilities $ 40,865 assets $ 42,105 Stockholders Equity Property, plant, and Wages payable $ 500 equipment: Building $ 45,500 Retained Earnings 10,000 Equipment 28, 250 Total Stockholders' Equity $ 64,490 Total property, plant, and equipment 73, 750 Total assets $115,855 Total liabilities and Stockholders' Equity $115,855 (a) List the errors in the balance sheet above and (b) prepare a corrected balance sheet USING MS EXCEL