The night manager of Willis Transportation Service, who had no accounting background, prepared the following balance sheet for the company at February 28, current year. The dollar amounts were taken directly from the company's accounting records and are correct. However, the balance sheet contains a number of errors in its headings, format, and the classification of assets, liabilities, and owners' equity. NOT: retained earnings = net profit, capital stock = capital $ Assets Capital stock Retained Earnings Cash Building Automobiles WILLIS TRANSPORTATION SERVICE Manager's Report 8 P.M. Thursday Owners' Equity 94, eee Accounts receivable 63,888 Notes payable 70, eee Supplies 80, eee Land 165,000 Accounts payable 472,eee $ 73,000 282,eee 13, eee 71,880 33,000 $ 472,880 Prepare a corrected balance sheet. WILLIS TRANSPORTATION SERVICE Assets Liabilities & Owners' Equity Liabilities: S 0 Total liabilities Owners' equity: Total Assets S 0 Total Liabilities & Owners' Equity S 0