1. Centrum Advertising services, an Ontario business has a December 31 year end and prepares a financial statement annually. Centrum gathered the following information to prepare the current liability section of its December 31,2014 balance sheet. Determine what will be included in the current liabilities section a. Centrum borrowed $88000 on January 2 2015 payments are made annually for 4 years each January 2 Year Annual Principal Interest portion of Principal Payment proportion of payment Balance at payment $ $ $ year end $ 2015 11395 8515 2880 39485 2016 11395 9026 30459 2017 11395 9567 1828 20892 2018 11395 10142 1253 10750 2019 11395 10750 645 0 b. Property taxes of $8750 were unpaid and unrecorded at December 31,2015 c. The Payroll rogister showed the following total unpaid amounts as at December 2015 Gross Income United CPP Total Net Office Sale Pay Premium Taxes way deductions pay salaries salaries 7850 175.64 3296.75 320 394.75 4075,64 3784.36 1900.00 940.00 d. The company provided services to clients totalling to $188000 including PST and GST in the month of December The unadjusted trial balance showed uneared service revenue of S 7900. $5000 of this amount has been earned by December 31 [10 marks) c