interest is payable on the maturity date of the note. e. The deferred rental revenue account at December 31 includes $5,300 to be earned in January of the next year. f. Maintenance expense includes $2,300, which is the cost of maintenance supplies still on hand at December 31 . These supplies wil be used in the next year. g. The income tax expense is $8,300. Payment of income tax will be made next year. Required: 1. For each items (a) through (g), identify the expense or revenue account that should be adjusted and the amount of the adjustment a December 31. (If no adjustment is needed, enter "Not required" in the account field.) 2. Prepare a correct statement of earnings for the current year in good form, including earnings per share, assuming that 8,300 share are outstanding. (Round "Earnings per share" to 2 decimal places.) 3. Compute the net profit margin ratio based on the corrected information. (Round percentage answer to 1 decimal place, i.e., 0.12 should be entered as 12.4.) Barton Inc. completed its first year of operations on December 31. Because this is the end of the fiscal year, the company bookkeeper prepared the following tentative statement of earnings: You are an independent accountant hired by the company to audit its accounting systems and review its financial statements. In your audit, you developed additional data as follows: a. Unpaid wages for the last three days of December amounting to $440 were not recorded. b. The unpaid $530 telephone bill for December has not been recorded. c. Depreciation on rental cars, amounting to $24,300 for the current year, was not recorded. d. Interest on a $33,000, one-year, 10 percent note payable dated October 1 of the current year, was not recorded. The full amount of interest is payable on the maturity date of the note. e. The deferred rental revenue account at December 31 includes $5,300 to be earned in January of the next year. f. Maintenance expense includes $2,300, which is the cost of maintenance supplies still on hand at December 31 . These supplies will be used in the next year. g. The income tax expense is $8,300. Payment of income tax will be made next year