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, 20Y3 Assets Current assets: $18,500 31,300 6,500 16,600 225,000 $297.900 $400,000 97,000 635,400 $933,300 Cash Accounts payable Supplies Prepaid insurance Land Total current assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment Total assets Liabilities Current liabilities: Accounts receivable Accumulated depreciation-building Accumulated depreciation equipment Net income Total liabilities Stockholders' Equity Wages payable Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $41,400 155,000 25,000 118,200 $339,600 $6,500 75,000 512,200 593,700 $933,300 Prepare a corrected balance sheet. Prepare a corrected balance sheet: Labyrinth Services Co. Balance Sheet August 31, 2043 Assets Gurrent assets: Cash Accounts receivable Supplies Prepaid insurance 0 Total current assets Property, plant, and equipment: Land Building Accumulated depreciation - building Book value building Equipment Accumulated depreciation equipment Book value-equipment Total property, plant, and equipment Total asset Liabilities Current liabilities: Accounts payable Wages payable Total liabilities Stockholders Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Check My Work