Mackenzie Corp. is preparing the December 31, 2020 year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability Income tax expense Mortgage payable, 4% 56,53120-day note payable, 3% 126,500 Unearned revenues 462,800 Warranty expense $ 87,000 303,000 7,100 Additional information: a. $11,500 of income tax was accrued monthly from January through to November inclusive and paid on the 15th day of the following month. The actual amount of tax expense for the year is determined to be $133,040, b. A customer is suing the company. Legal advisers believe it is probable that the company will have to pay damages, the amount of which will approximate $147.000 given similar cases in the industry. c. During December. Mackenzie had sales of $717.000 4% of sales typically require warranty work equal to 20% of the sales amount d. Mortgage payments are made on the first day of each month. e. $112. 200 of the Unearned Revenues remain unearned at December 31, 2020. f. The 120-day note payable was dated November 15, 2020 Mackenzie Corp. is preparing the December 31, 2020 year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability Income tax expense Mortgage payable, 4% 56,53120-day note payable, 3% 126,500 Unearned revenues 462,800 Warranty expense $ 87,000 303,000 7,100 Additional information: a. $11,500 of income tax was accrued monthly from January through to November inclusive and paid on the 15th day of the following month. The actual amount of tax expense for the year is determined to be $133,040, b. A customer is suing the company. Legal advisers believe it is probable that the company will have to pay damages, the amount of which will approximate $147.000 given similar cases in the industry. c. During December. Mackenzie had sales of $717.000 4% of sales typically require warranty work equal to 20% of the sales amount d. Mortgage payments are made on the first day of each month. e. $112. 200 of the Unearned Revenues remain unearned at December 31, 2020. f. The 120-day note payable was dated November 15, 2020