7. Improvements were made to the leased warehouse on June 01,2021 at a cost of $22,000. The estimated life of the improvement is ten years. Lease contract terminates on December 31, 2025. Make necessary entries as of 31.12.2021 and 31.12 .2022 . 8. The company pledged its $20,000 notes receivables to a bank and received a loan of $15,000. The note is NOT paid on the maturity. The company protested the note, nottery fee $10. Paid the bank the principal amount of the loan plus $1,500 interest. 9. The company discounted its notes receivables for $8,000 and collected $6,500. This note is not paid on maturity. The note was renounced for 60%. The company protested the rest of the note, nottery fee $3. 10. The company gave its $50,000 note receivable to a bank for collection. The note is not paid on maturity. Bank returned the note. The note proved to be uncollectible