Noresin Manufacturing Corp. Adjusenc Erteries For the Year Ended Dece- ber 34.2019 The following additional information is avalbble at the corperation's year-end. GST of 5 only applies when indicated Deductione t. d. The extimated westend aude teesare. e. Hent tevenue tohists of 13 equal monoly paynets welusive ishe puid in advanee for latwary 2be0, of 2020 A trade account puyable was converted to a note payatle during the year. No entry has been made to record this. The note puyable is due at the end ce 2020 B. A tawsult was commenced against the cempatyin 2015. Damages clament are: Lawyers for the company consider the liee hood of succetis to be: Pesside$30000 h. The interest rate on the mortgabe ar: Annual payments (biended principal and inkeset) are made on Dec 31 and tots. The 2019 papmers thas been iecorded as ftheret on long term Dett evpense, The corporate income tas rate as a petcertate of income before income taves Coeperate income tax installtheras dung the veat huve beth recorded as incorme Tas espense in the recerds. Adume any 2019 loss before inceme tawes wit rewit in the tefund of income takes at the curtert year's ircome fax rute. -5: for the Virs Indes Dectmber 3t, 3919 Morgan Mhestwetutint Cerp Balancestern At hacmer be 11; 2019