Current Attempt in Progress You have been assigned to ecamine the financial statements of Pira Company for the year ended December 31, 2020, You discover the following situations. 1. Depreciationol $2.900 for 2020 on delivery vehicles was not recorded 2. The physiral imentory count on December 31,2019 improperly eocloded merchandise costing 519,300 that had been temporarly stored in a public warnhouse Pina uses a periodic inventory sytem. 3. A collection ot 55,400 on secount from a cuntomer recelved on December 31/2020, wis not cecorded untal January 2, 2021. 4. In 2020 the company sold for $3.500 fully depreciated equipenent that criginally cost $23.200. The company credited the proceeds from the sale to the Equipment account. 5. Durin\& November 2020, a competitor company filed a patent infringenent wut against Pina claining damages of $229.100. The companys legal counset has indicated that an unf worable verdict is probable and a reasonable estimate of the court's 6. Pina has a portfolio of tradirut imvestments. No entry has been made to adfust tomarket. Intormation on costand fair value is as follow: 7. At December 31,2020, an analysis of payroll information shows accrued salaries of $12,700. The Salaries and Wages Payable account had a balance of $16,000 at December 31,2020 . which was unchanged from its balance at December 31. 2019. 8. A large piece of equipment was purchased on January 3,2020, for $42,600 and was charged to Maintenarice and Repairs Expense. The cquipment is estimated to have a service life of 8 years and no residual value. Pina normally uses the straight: line depreciation me thod for this type of equipment. 9. A $13,200 insurance premiumpaid on fuly 1,2019, for a policy that expres on Jure 30,2022 , was charged to insurance expense. The maximura allowabic amortization period is 10 years. Assume the trial balance has been prepared but the books have not been closed for 2020. Assuming all amounts are material, prepare journat entries showing the adfustments that are required. (tgnore income tax considerations.) (Credit occount titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)