Packim Carters provides training to individuals who pay tuition directy to the business. The business also offers extensio a trannato groups in off-site locations. Additional information avarable at the December 31, 2023, year-end follows: . An analysis of the company's policies shows that $1.300 of insurance coverage has expired. B. An inventory shows that teaching supplies costing $500 are on hand at the end of the year. c. The estimated annual depreciation on the equipment is $8,625 d. The estimated annual depreciation on the professional abrary is $4,725. . The school offers off campus services for specific employers. On November 1, the company agreed to do a special six-month course for a client. The contract calls for a monthly fee of $900, and the ctent paid the first five months" revenue in advance. When the cash was received, the Unearned Extension Revenue account was credited. 1. On Oxtober 15, the school agreed to teach a four-month class for an individual for $1.250 tution per month payable at the end of the class. The services to date have been provided as agreed, but no payment has been received. The schoor's two employees are paid we rely. As of the end of the year, three days' wages have accrued at the rate of $130 per day for each employee. The balance in the Prepaid Rent account represents the rent for three months: December, January, and February