7 The following balance sheet contains errors. Brock Morton Services Co. Balance Sheet For the Year Ended December 31,2011 Assets Liabilities Current assets: Current liabilities $ 10,000 12,525 7,340 Cash Accounts payable Supplies Prepaid insurance Land Total current assets s7,170 7,500 2,590 800 24.000 Accounts receivable Accum. depr.-building Accum. depr.-equipment Net income $42,060 Total liabilities $41365