capture. And he New he did not have much time left. Discussion items 1. What are the consequences for a business if it selects programs without knowing their estimated profitability? 2. What are reasons for people to resist time capture? Are any of them justified? 3. What is a good way to introduce time capture? Following is the Adjusted Trial Balance of Mc Millan as of December 31, 2019: Mc Millan Corporation Adjusted Trial Balance December 31, 2019 Cash 500,000 Capital 600,000 Land 50,000 Building 300,000 Note payable 200,000 | A/P 1,000 Supplies 9,000 Unearned Revenue Revenue 90,000 Salaries Exp 16,000 Supplies Expenses 1,000 Rent Expenses 15,000 Total 891,000 891,000 Prepare an income statement, statement of OE and a balance sheet as of December 31, 2019. Prepare the necessary year-end closing entries. Prepare an after-closing trial balance. While preparing the closing entries, the accountant noticed 2 mistakes in the books