ilm/takeAssignment/takeAssignmentMain.do?invoker &takeAssignmentSessionLocator &inprogress=false For the Year Ended August 31, 2018 Assets Current assets: Cash Accounts payable Supplies Prepaid insurance i Land Total current assets Property, plant, and equipment: Building Equipment Total property, plant, and equipment Total assets Current liabilities: Accounts receivable Accumulated depreciation-building. Accumulated depreciation-equipment Liabilities $13,200 22,400 6,000 10,700 170,900 $357,500 80,900 $29,900 147,200 23,900 $223,200 581,400 $804,600 18 Total assets Current liabilities: Accounts receivable Accumulated depreciation-building Accumulated depreciation-equipment Net income Total liabilities Wages payable Common stock Retained earnings Total stockholders' equity Liabilities $804,600 $29,900 147,200 23,900 128,000 $329,000 Stockholders' Equity $2,500 150,000 323,100 475,600 $804,600 Total liabilities and stockholders' equity Prepare a corrected balance sheet. ....... O Current assets: Cash Land x Accounts payable Prepaid insurance Total current assets Labyrinth Services Co. Balance Sheet August 31, 2018 Assets Property, plant, and equipment: Land Building Accumulated depreciation building building Total property, plant, and equipment Total cente 00 00 0 0 0 0000 0 Previous Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator &inprogress=false Total property, plant, and equipment Total assets Current liabilities: Accounts receivable Total liabilities Liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholder equity 0 4 Feedback Check My Work Remember that the balance sheet is a formal representation of the accounting equation, such that Assets Liabilities + Stockholder Ex