03 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, 2013 Assets Current assets $16,400 75,000 Accounts payable Supplies Prepaid insurance Land 7,500 13.400 211,400 5278.700 54:15.400 101.000 Total current assets Property, plant and equipment: Building Equipment Total property, plant, and equipment Tutal assets Liabilities Current liabilities: 225,000 $1,004,500 Accounts receivable 537,300 Accumulated depreciation building 183,800 183.800 29,900 159,800 5410,800 Accumulated depreciation-building Accumulated depreciation equipment Net income Total abilities Owner's Equity Wages payable Ruben Daniel, Capital Total owner's equity Totat abilities and owner's equity $3,100 590,600 593,700 $1,004,500 Required: Prepare a corrected balance sheet. Labyrinth Services Co. Balance Sheet August 31, 2013 Assets Current assets: 0 Total current assets Procity plant and equiment Check My Work Current Total current Property, plant and equipment Total property, plant, and equipment Total Current liabilities: Total abilities Owner's tout Total liabilities and owner's equity