Mackenzie Corp. is preparing the December 31, 2020, year-end financial statements. Following are selected un balances Estimated warranty liability Income tax expense Mortgage payable, 6% $ 6,550 128,700 468,000 120-day note payable, 5% Unearned revenues Warranty expense $ 89,000 305,000 7,300 Additional information: a. $11,700 of income tax was accrued monthly from January through to November inclusive and paid on the 15 month. The actual amount of tax expense for the year is determined to be $135,040. b. A customer is suing the company. Legal advisers believe it is probable that the company will have to pay da which will approximate $149,000 given similar cases in the industry. c. During December, Mackenzie had sales of $719,000. 4% of sales typically require warranty work equal to 25 d. Mortgage payments are made on the first day of each month. e. $112,400 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 un balances Estimated warranty liability Income tax expense Mortgage payable, 6% $ 6,550 128,700 468,000 120-day note payable, 5% Unearned revenues Warranty expense $ 89,000 305,000 7,300 Additional information: a. $11,700 of income tax was accrued monthly from January through to November inclusive and paid on the 15 month. The actual amount of tax expense for the year is determined to be $135,040. b. A customer is suing the company. Legal advisers believe it is probable that the company will have to pay da which will approximate $149,000 given similar cases in the industry. c. During December, Mackenzie had sales of $719,000. 4% of sales typically require warranty work equal to 25 d. Mortgage payments are made on the first day of each month. e. $112,400 of the Unearned Revenues remain unearned at December 31, 2020. f. The 120-day note payable was dated November 15, 2020