Current Attempt in Progress Sheridan Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 6,000 Interest Payable 0 Notes Payable 10,000 Prepaid Insurance 4,080 Salaries and Wages Payable 0 Supplies 2,600 Unearned Service Revenue 29.000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. A count of supplies on December 31, 2022, indicates that supplies of $960 are on hand. 1 Sheridan Company borrowed $10,200 by signing a 9%, one-year note on September 1, 2022. 2. 3. 4. 5, Depreciation on the equipment for 2022 is $2,200. Sheridan paid $4,080 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Sheridan collected $29,000 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023. 6. Sheridan performed consulting services for a client in December 2022. The client will be billed $4,200. 7. Sheridan pays its employees total salaries of $5,300 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022