Additional information: a. Depreciation on the property, plant, and equipment was estimated at $15,600 for the year 2021. b. The company lent $60,000 to an employee on October 1, 2021. The note signed by the employee states that interest at an annual rate of 5 percent will be paid when the note matures on March 15, 2022. c. On September 1, 2021, the company paid a one-year premium of $6,600 for property insurance, starting on that date. The previous annual property insurance policy cost $6,000 and expired on August 31, 2021. d. The company borrowed $30,000 on December 1, 2021, and signed a note, payable at December 1, 2022. Interest on the note is 4 percent per year and is payable at the beginning of each month, starting January 1, 2022. e. A portion of the building was rented to Senecal Inc. on November 1, 2021, for three months for a total amount of $6,000. Sanjeev recorded the amount received from Senecal on that date as deferred rent revenue. f. The company determined at December 31, 2021 that an account receivable of $2,500 must be written off as uncollectible because the customer that owed this amount declared bankruptcy. In addition, analysis of the remaining accounts receivable resulted in an amount of $7,000 that is potentially uncollectible in the future. g. Salaries of $2,000 were earned by employees in the last two days of December 2021 but not yet paid. The employees were paid on the next pay date, January 13, 2022.