5. 6. 7. B Equipment is depreciated on a straight-line basis over 10 years. Residual value is $19.000. Skysong gave the bank a 90-day, 12% note for $7,300 on December 1, 2020. Rent is $960 per month. The rent for 2020 and for January 2021 has been paid. Salaries and wages earned but unpaid at December 31, 2020, are $3,325. Dividends of $102,000 were declared on December 15, 2020 for payment on February 1, 2021. 9. 9. Dividends of $102,000 were declared on December 15, 2020 for payment on February 1, 2021. 5. 6. 7. B Equipment is depreciated on a straight-line basis over 10 years. Residual value is $19.000. Skysong gave the bank a 90-day, 12% note for $7,300 on December 1, 2020. Rent is $960 per month. The rent for 2020 and for January 2021 has been paid. Salaries and wages earned but unpaid at December 31, 2020, are $3,325. Dividends of $102,000 were declared on December 15, 2020 for payment on February 1, 2021. 9. 9. Dividends of $102,000 were declared on December 15, 2020 for payment on February 1, 2021