Current Attempt in Progress Bonita Ladkstaternent of financial position at December 31.2019 , ispresented helow During December 2020, the following transactions occurred. 1. Bonita paid E2,900 iriterest on the bonds on December 1,2020. 2. Bonita purchased f279,676 of inventory on account. 3. Bonita sold for 522,000 cash inventory which cost 290,000. Bonita also collected 36,540 sates taxes, 4. Bonita paid 1266,800 on accounts parable. 5. Bonita paid 2,900 interest on the bonds on July 1,2020 . 6. The prepaid insurance (E6,496) expired on July 31. 7. On August 1. Bonita paid E13,920 for insurance coverage from August 1, 2020, through July 31 , 2021. 8. Bonita paid E27,840 sales taxes to the government 9. Paid other operating expenses, E105,560. 10: Redeemed the bonds on December 31,2020 , by paying 54,520 phus {2,900 interest. 11. Issued E104,400 of 8% bondsion December 31,2020 , at 104 . The bonds pay interest every December 31 Adjustment data: 1. Recorded the insurance expired from item 7. 2. The equipment was acquired on December 31, 2019, and will be depreciated on a straight-line basis over 5 years with a 3,480 residual value. 3. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.) Current Attempt in Progress Bonita Ladkstaternent of financial position at December 31.2019 , ispresented helow During December 2020, the following transactions occurred. 1. Bonita paid E2,900 iriterest on the bonds on December 1,2020. 2. Bonita purchased f279,676 of inventory on account. 3. Bonita sold for 522,000 cash inventory which cost 290,000. Bonita also collected 36,540 sates taxes, 4. Bonita paid 1266,800 on accounts parable. 5. Bonita paid 2,900 interest on the bonds on July 1,2020 . 6. The prepaid insurance (E6,496) expired on July 31. 7. On August 1. Bonita paid E13,920 for insurance coverage from August 1, 2020, through July 31 , 2021. 8. Bonita paid E27,840 sales taxes to the government 9. Paid other operating expenses, E105,560. 10: Redeemed the bonds on December 31,2020 , by paying 54,520 phus {2,900 interest. 11. Issued E104,400 of 8% bondsion December 31,2020 , at 104 . The bonds pay interest every December 31 Adjustment data: 1. Recorded the insurance expired from item 7. 2. The equipment was acquired on December 31, 2019, and will be depreciated on a straight-line basis over 5 years with a 3,480 residual value. 3. The income tax rate is 30%. (Hint: Prepare the income statement up to income before taxes and multiply by 30% to compute the amount.)