5. (20 pts) Orlon Company has made some accounting errors, all discovered before the books were closed in 2022. The correction for each is required, but I included a recommended worksheet to solve. The books are closed for 2021 . Show only the correction for the past, not what they need to do for 2022. a. A machine was purchased for $50,000 with cash in January 2019. It was charged to Repair Expense. The machine has a five year life and a salvage value of $10,000. Bonn uses straight line depreciation. No depreciation has been recorded in 2019, 2020, 2021. What they did in 2019 What they should have done 2019,2020 , and 2021 Correction in 2022 b. A check was received for $21,000 for three years of rent beginning January 1, 2021. The entire amount was charged to Rent Revente. The check was received January 3,2021. What they did in 2021 What they should have done 2021 Correction in 2022 c. On December 31, 2021. Bonn failed to acerue $15,000 of salaries. What they did in 2021 What they should have done 2021 Correction in 2022 4. Bonn had sales on account in 2020 resulting in accounts recesable never to be collected of $12,000. In 2020 , they wrote off to bad debt expense and accounts receivable $5,000. They did the same in 2021 for $3,000. What they did in 2020 and 2021 What they should have done 2020 and 2021 Correction in 2022