Problem 2 Computation of Amounts BSG Producers month of June. The had a balance of 5850. On one 30,supplis on ad o 0 How much will be reported on B50s income statement for the of supplies expense? Transport Company purchased a truck at a cost of $75,000 on March 31,2014. The truck has an estimated useful life of 8 years and a $15,000 residual value How much depreciation expense should be reported for the year ending December 31, 2014? S Required Computation Kava Corp. began operations on November 30, 2014, and immediately received $30,000 for 6 months rent in advance for renting a parking lot for the period beginning December 1, 2014. Kava's accounting period ends on December 31,2014. How much rent revenue will Kava's report for the year ending December 31, 20147 300b0 / b5000 East Company manufactures mattresses. East borrowed $120,000 from Foregone Company on June 1, 2014 in exchange for a promise to repay in 7 months. The loan has a 12% interest rate. What is the amount of interest expense for the year ended December 31, 2014 Required Computation