North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.

Account TitlesDebitCredit

Cash$11,500

Accounts Receivable 5,500

Prepaid Rent 2,300

Equipment 20,500

Accumulated DepreciationEquipment $1,150

Accounts Payable 1,150

Income Tax Payable 0

Common Stock 24,300

Retained Earnings 1,600

Sales Revenue 48,100

Salaries and Wages Expense 24,500

Utilities Expense 12,000

Rent Expense 0

Depreciation Expense 0

Income Tax Expense 0

Totals$76,300 $76,300

Other data not yet recorded at December 31:

a.Rent expired during the year, $1,150.

b.Depreciation expense for the year, $1,150.

c.Utilities owing, $8,500.

d.Income tax expense, $340. This is the question to help with 4