Accounting Changes & Errors DeathStar Energy Inc. began operations in 2015 and reports under IFRS. During the December 31, 2020 year-end audit, the auditor found the following items that she wished to bring to the attention of the Chief Financial Officer. 1. During the year, the company implemented a new computer system and it was discovered that reported net sales revenue of $5,200,000 for 2020 included the 5% Goods and Services Tax. 2. On January 1, 2019, the company purchased another company and recorded goodwill of $185,000 which was subsequently amortized in 2019 and 2020 using the double declining balance method based on a 10-year life. 3. At December 31, 2019 the company was sued for $50,000 and although legal counsel indicated the probability of loss was remote, the company recorded a contingent loss of $50,000 in the accounting records. The case has still not been heard. 4. $4,500 in supplies purchased in 2018 and on hand at December 31, 2018 were expensed. The supplies were used up in 2019. Required: In the workspace below, prepare any necessary journal entries required to correct or adjust for the transactions identified by the auditor. If you determine that no entry is required, provide a rational for why not. The accounting records for 2020 are still open. All amounts are considered to be material and income tax affects are to be ignored. 1 B 3 Item Account DR CR Supporting Calculations