Question 1 Sheridan Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable $ 0 Accumulated DepreciationEquipment 0 Equipment 8,000 Interest Payable 0 Notes Payable 11,000 Prepaid Insurance 2,280 Salaries and Wages Payable 0 Supplies 2,800 Unearned Service Revenue 31,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Sheridan Company borrowed $10,700