PacRuma Careers provides training to Indivlduals who pay tultion directly to the business. The business also offers extension training to groups in off-site locations. Additional information at the December 31, 2020 year-end follows: a) An analysis of the company's policies, shows that $1,250 of insurance coverage has expired. b) An inventory count shows that teachine supplies costine $450 are on hand at the end of the year. c) The equipment was purchased in a previous year. At the end of its 12 year useful life, it will be scrapped (no residual). d) The professional library has annual depreciation of $4,500 expense. e) 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 $950, and the client pald the first flve months' revenue in advance. When the cash was received, the Unearned Extension Revenue account was credited. f) On October 15, the school agreed to teach a four-month dass for an individual at a price of $1,200 tuition per month payable at the end of the class. The services to date have been provided as agreed, but no payment has been recelved. g] The school's two employees are pald weekly. As of the end of the year, three days' wages have accrued at the rate of $120 per day for each amployee. h) The balance in the Prepald Rent account represents the rent for three months: December, January, and February