ATLAS SERVICES CO.
Balance Sheet
For the Year Ended May 31, 20Y5
Assets
Current assets:
Cash		$ 12,000
Accounts payable		47,900
Supplies		4,800
Prepaid insurance		17,400
Land		400,000
Total current assets				$482,100
Property, plant, and equipment:
Building		$ 225,000
Equipment		90,000
Total property, plant, and equipment				315,000
Total assets				$797,100
Liabilities
Current liabilities:
Accounts receivable		$ 40,800
Accumulated depreciationbuilding		54,600
Accumulated depreciationequipment		32,400
Net loss		44,200
Total liabilities				$172,000
Stockholders' Equity
Wages payable		$ 8,100
Common stock		200,000
Retained earnings		447,000
Total stockholders' equity				655,100
Total liabilities and stockholders' equity				$797,100

Prepare a corrected balance sheet.