Instructions Labels and Amount Descriptions Balance Sheet Instructions Below is the balance sheet for Labyrinth Services Co., which contains errors. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2013 1 Assets 2 Current assets: Cash 4 Accounts payable Supplies A Prepaid insurance Land ' Total current assets $18,500.00 31,300.00 6,500.00 16,600.00 225,000.00 $297,900.00 Property, plant, and equipment: 10 Building $400,000.00 11 Equipment 97,000.00 12 Total property, plant, and equipment 635,400.00 11 Total assets $933,300.00 14 Liabilities Instructions Total property, plant, and equipment 13 Total assets 14 15 Current liabilities: Liabilities 63340000 $933,300.00 16 Accounts receivable 17 Accumulated depreciation-building 18 Accumulated depreciation-equipment 19 Net income 20 Total liabilities $41,400.00 155,000.00 25,000.00 118,200.00 $339,600.00 21 Owner's Equity 22 Wages payable $6,500.00 25 Ruben Daniel, capital 587,200.00 34 Total owner's equity 593,700.00 25 Total liabilities and owner's equity $933,300.00 Required: Prepare a corrected balance sheet. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. List Property, plant, and equipment in the order of Land, Building & Equipment. You will not need to enter colons () or the word "Less" on the balance sheet; they will automatically insert where necessary. Enter all amounts as positive numbers. Instructions Labels and Amount Descriptions Balance Sheet Instructions Balance Sheet Prepare a corrected balance sheet. Be sure to complete the statement heading. Refer to the account names in the instructions and the lists of Labels and Amount Descriptions for the exact wording of text entries. List Property, plant, and equipment in the order of Land, Building & Equipment. You will not need to enter colons (3 or the word "Less" on the balance sheet; they will automatically insert where necessary. Enter all amounts as positive numbers Labe Assets 7 (Label) 18 Labyrinth Services Co. Balance Sheet (Label) Instructions Labels and Amount Descriptions Balance Sheet Instructions Balance Sheet 6 7 (Label) 9 10 11 12 11 14 15 26 17(Label) = 18 19 Liabilities 201 21 22 Owner's Equity 23