Champagne Inc. completed its first year of operations on December 31, 2021, and the following preliminary income statement has been prepared: Income Statement, 2021 Rental Revenue $150,000 Expenses: Rent Expense Salaries and Wages Expense Maintenance Supplies Expense Advertising Expense $36,500 16,000 6,000 5,500 Utilities Expense 3,500 Gas and Oil Expense 4,000 Other Expenses 2,500 Total Expenses Income. 74,000 $76.000 The following additional data has been found: a The $450 telephone bill for December 2021 has not been recorded or paid. 5. Depreciation on vehicles, amounting to $22,000 for 2021, was not recorded. c. Interest owing of $600 was not recorded on the note payable. three days of December amounting to $1,800 were not recorded or paid.