On March 5, 2021. you were hired by Monty Inc., a closely held company, as a staff member of its newly created internal auditing department. While reviewing the company's records for 2019 and 2020. you discover that no adjustments have yet been made for the following items. Items 1. 2. 3. Interest income of $14,800 was not accrued at the end of 2019. It was recorded when received in February 2020. A computer costing $3.760 was expensed when purchased on July 1, 2019. It is expected to have a 4-year life with no salvage value. The company typically uses straight-line depreciation for all fixed assets. Research and development costs of $30,000 were incurred early in 2019. They were capitalized and were to be amortized over a 3-year period. Amortization of $10,000 was recorded for 2019 and $10,000 for 2020. On January 2 2019, Monty leased a building for 5 years at a monthly rental of $7.200. On that date, the company paid the following amounts, which were expensed when paid. 4. Security deposit First month's rent Last month's rent $19,700 7,200 7.200 $34,100