1. Yukon territorial government entered into an agreement with HEMI to open a warehouse in Whitehorse. The agreement required the Yukon territorial government to prepay $10,000,000 for future equipment purchases and to buy all of its equipment from HEMI over the next 5 years. The government also agreed to only use $9,000,000 of the prepayment (i.e., give HEMI a breakage if the equipment is supplied from the Whitehorse warehouse). In 2019, HEMI supplied $1,800,000 of equipment from its Whitehorse warehouse. The Unearned Revenues general ledger account is at a balance of $8,200,000 ($10,000,000 less $1,800,000). No adjustment has been made for the breakage. The accountant wants you to compute the breakage revenue that HEMI can recognize for the year ended December 31, 2019 showing your calculations. Provide an adjusting journal entry to recognize the breakage revenue. 2. HEMI took out a mortgage of $150,000,000 on September 1, 2019 to purchase the land and building (noted in the Capital Assets section above). This amount has been recorded in the Mortgage Payable general ledger account. Accountant has recorded the blended interest and principal monthly payments in the Interest Expense general ledger account. You have been provided with the following amortization schedule for the mortgage payable: Month Opening balance Interest expense Payment Closing balance September, 2019 150,000,000 525,000 1,532,976 148,992,024 October, 2019 148,992,024 521,472 1,532,976 147,980,520 November, 2019 147,980,520 517,932 1,532,976 146,965,476 December, 2019 146,965,476 514,379 1,532,976 145,946,879 Total 2,078,783 6,131,904 The Accountant wants you to complete the following: a. Using the above amortization schedule, calculate the total principal reduction in the 2019 fiscal year (show your calculations). b. Provide an adjusting journal entry to move the amount you computed in Part (a) above from Interest Expense to reduction in Mortgage Payable. c. $12,500,000 of mortgage principal will be paid in the next 12 months. Provide an adjusting journal entry to move this amount to Current Portion of Mortgage Payable accou