Conrad Playground Supply underwent a restructuring in 2024. the company conducted a thorough internal audit, during which the following facts were discovered. the audit occurred during 2024 before any adjusting entries or closing entries are prepared.

a. additional computers were acquire at the beginning of 2022 and added to the company's office network. The 48,500 cost of the computer was inadvertently recorded as maintenance expense. computers have 5 year useful life and no material salvage value. this class of equipment is depreciated by the straight line method. b. 2 weeks prior to the audit, the company paid 20,500 for assembly tools and recorded the expenditures as office supplies the error was discover a week later. c. On December31, 2023, merchandise inventory was understated by 85,000 due to a mistake in the physical inventory count. the company uses the periodic inventory system. d. 2 years earlier the company recorded a 3% stock dividend (2,700 common shares, $1 par) as follow: