The bookkeeper of Outdoor Life Landscaping prepared the company's balance sheet while the accountant was ill. The balance sheet, shown on the next page, contains numerous errors. In particular, the bookkeeper knew that the balance sheet should balance, so he plugged in the retained earnings amount needed to achieve this balance. The retained earnings is incorrect. All other amounts are correct, but some are out of place or should not be included in this statement. Prepare a corrected balance sheet.

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OUTDOOR LIFE LANDSCAPING Balance Sheet Month Ended November 30, 2018 Assets Liabilities $ 4,600 Accounts Receivable 600 Dividends $ 2,000 Cash Office Supplies 11,000 Land 34,100 Service Revenue 35,000 2,700 Property Tax Expense 3,000 Salaries Expense Office Furniture 5,800 Accounts Payable 2,700 Notes Payable 24,600 Retained Earnings 11,150 Stockholders' Equity Rent Expense 450 Common Stock 8,000 $ 72,850 Total Assets $ 72,850 Total Liabilities