Additional information and adjustment data: 1. A 12-month insurance policy was purchased and was effective February 1,2021. 2. There was $808 of supplies on hand on December 31 . 3. Depreciation expense for the year is $5,480 for the buildings and $4,500 for the equipment. 4. Salaries of $808 are accrued and unpaid at December 31 . 5. Accrued interest expense at December 31 is $725. 6. There was deferred revenue of $985 that still needed to be deferred as at December 31 . The batance had been earned. Of the deferred revenue that had been earned, the cost of goods sold was $2,000. 7. Of the bank loan payable, $9,634 is payable next year. 8. Income tax of $510 is due and unpaid. 9. A physical count of inventory indicates $22,075 on hand at December 31 . 10. Common shares of $3.090 were issued during the year. Date: Account Titles and Explanation Dec. 31 (Insurance expense recorded) 31 (Suppllies expenses recorded) 31