List the errors you find in the following balance sheet. Prepare a corrected balance sheet. Labyrinth Services Co. Balance Sheet For the Year Ended August 31, 2019 Assets Current assets: Cash ........ $ 18,500 Accounts payable. 31,300 Supplies .... 6,500 Prepaid insurance 16,600 Land......... 225,000 Total current assets $297,900 Property, plant, and equipment: Building........ $400,000 Equipment... 97,000 Total property, plant, and equipment. 635,400 Total assets.... $933,300 Liabilities Current liabilities: Accounts receivable.... Accumulated depreciation-building. Accumulated depreciation-equipment Net income $ 41,400 155,000 25,000 118,200 Property, plant, and equipment: Building........... Equipment... Total property, plant, and equipment.... Total assets ....... $400,000 97,000 635,400 $933,300 $ 41,400 155,000 25,000 118,200 Liabilities Current liabilities: Accounts receivable.. Accumulated depreciation-building..... Accumulated depreciation--equipment Net income ........ Total liabilities Owner's Equity Wages payable Ruben Daniel, capital... Total owner's equity. Total liabilities and owner's equity.. $339,600 $ 6,500 587,200 593,700 $933,300 ANSWER! Check Figure: Corrected balance sheet, total assets: $625,000 2 >