Adjustment and additional data:

1.		Accrued $8,800 for utilities, $8,800 for salaries, and $7,920 for interest on the bank loan.
2.		Recorded depreciation on equipment, which has an expected useful life of 10 years.
3.		Recorded an additional $44,000 of income tax payable.
4.		Common shares of $880 were issued during the year.
5.		$39,600 of the bank loan is due to be repaid in the next year.

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