Lily records adjustments monthly. Adjustment data for the month of August are as follows: 1. One month's worth of advertising services have been received. 2. The August rent has expired. 3. Accrued salaries payable are $1,470., 4. Depreciation for the month is $185. 5. Supplies on hand at August 31 are $1,020. 6. Services were performed to satisfy $720 of Deferred revenue. 7. One month of interest income related to the $4,000 note receivable has accrued. The note was issued on June 30 and is due October 31 and has a 6% annual interest rate. Interest is due at maturity. 8. Income tax of $300 is estimated to be owed for the month of August.