following information: 2020, the company hadits year end. Eric's boss Accounts Payable Cash Notes Payable Inventory Common Shares Sales Revenue Retained Earnings (at January 1, 2020) Cost of Goods Sold Utilities Expense Interest Revenue Accounts Receivable Interest Expense $215,000 115,000 248.000 312.000 348,000 3,409.000 1,134,000 12,045,000 86,000 8.000 426,000 7.000 Wages Expense Notes Receivable Rent Expense Dividends Declared Supplies Insurance Expense Equipment Accumulated Depreciation Equipment Miscellaneous Expense Unearned Revenue Advertising Expense $360.000 198.000 33.000 181.000 11.000 16.000 1.674 000 158,000 32.000 29.000 53,000 These account amounts are correct, but Eric's boss advised him that the information did not reflect the following information: 1. 2. 3 4. 5. Accrued interest of $7,000 on the notes receivable. Employees earned $79,000 in bonuses based on achieving sales targets. These are payable on January 10, 2021 Accrued interest on the note payable amounting to $4,000 is due in January 2021 As of December 31, 2020, the supplies still on hand had a cost of $7.000. The insurance expense includes $3,000 in premiums related to coverage for 2021. Depreciation for 2020 is $166,000 cut the equipment. The company's board declared additional dividends of $250,000, which are payable to shareholders on January 15, 2021 6. 7. - /20 Determine the amounts that would appear in an adjusted trial balance for Mahon Ltd as at December 31, 2020, Mahon Ltd. Adjusted Trial Balance December 31, 2020 Debits Credits Cash $ 115.000 $ Accounts Receivable 426.000 198.000 Notes Receivable Interest Receivable 1 7.000 Inventory 312000 Supplies 11000 Equipment 1.674.000 158.000 166.000 Accumulated Depreciation Equipment Prepare a statement of income for the year ended December 31, 2020. Mahon Ltd. Statement of Income