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Property, Plant, and Equipment: Land Buildings Less: Accumulated depreciation Equipment Less: Accumulated depreciation Total property, plant, and equipment Intangibles: Patents (net) Trademarks Total intangibles Total Assets Liabilities Current Liabilities: Accounts payable Wages payable Current taxes payable Total current liabilities Long-Term Liabilities: Bonds payable Add: Treasury stock (at cost) x $ Erroneous Balance Sheet Cutler Corporation prepared the following balance sheet: Determine the errors and prepare a corrected, properly classified balance sheet. Total Liabilities Shareholders' Equity Contributed Capital: Preferred stock, \$50 par Common stock, \$2 par Additional paid-in capital on preferred stock Total contributed capital Total contributed capital, retained earnings, and accumulated other comprehensive income Total Shareholders' Equity Total Liabilities and Shareholders' Equity