HA The Styne Company began operations on January 1, 20x1. The c containing 20 separate offices. Adjusting entries are prepared once a year company owns an office building an office Selected information is provided below pertaining to certain accounts at 12/3l 1) A note receivable exists, as follows Dated: Principal 10/1/x5 $9,000 5 months Stated interest rate: 6% A prepaid insurance account consists of two policies. The amounts indicated re premium paid for the entire term of the policy present the full 2) dated:5/1/x4 Total premium paid: $ 9,540 dated: 9/1/x5 ITotalpremiumpaid -S-5520 Policy B: 3) The company purchased new heating equipment, applying the straight-line method of depreclation: $ 90,000 9/1/x3 Initial purchase price Date of acquisition: Estimated useful life: 15 years Unadjusted balance in accumulated depreciation account at 12/31/x5 $7,040 )Accounts payable are owed to suppliers of cleaning materials for the building $ 25,000 Materials expense for the year: The 1/1/x5 balance in accounts payable: The 12/31/x5 balance in accounts payable: Cash paid during the year for supplies 2,250 5) Two notes payable exist at year-end. For notes with terms exceeding one year, interest is payable annually, on the anniversary date of the note (e.g, the interest for the first year for note payable A is due on 4/1/x5, etc.) For notes with terms less than one year, full interest is paid when the note is due. Note payable A - dated: Principal Term of note: Stated interest rate: 4/1/x4 24,000 4 years 5% Note Payable B- dated Princ Term of note Stated interest rate: 8/1/x5 $33,000 8 months 4%