Please show work.

1. The following information is taken from Krom Corp.'s adjusted trial balance at 12/31/20. Debit Credit Equipment $800,000 Accumulated depreciation $550,000 Prepaid Rent 105,000 Note Payable 1,500,000 Depreciation expense 110,000 Interest expense 33,750 Rent expense 180,000 a. Krom Corp. anticipates salvage of $30,000 on the equipment. Determine (1) the useful life anticipated by the company for its equipment and (2) the date the equipment was purchased (month/day/year). b. The note bears an annual interest rate of 10%. No cash was paid for interest this year. On what date was the note issued (month/day/year)? c. The prepaid rent contract was settled in 2019. No cash was paid for rent this year. On what date will the rent contract expire (month/day/year)