Consider the following transactions for Huskies Insurance Company:

Income taxes for the year total $$52,000$ but won$$t be paid until next April $15.$

On June $30,$ the company lent its chief financial officer $$60,000$; principal and interest at $6\%$ are due in one year.

On October $1,$ the company received $$15,600$ from a customer for a one$-$year property insurance policy. Deferred Revenue was credited on October $1.$