Question 14 - Calculations (12 marks) Part 1 - (4 total - 2 marks each) NOTE: To receive full marks, you must show your calculations Use the following information to calculate your answer and place it in the space to the provided Balance May 31 lun 30 Additional Information for the month of June Account a. Unearned Revenue 47,000 34,000 Portion earned $21,000 Calculate: Total unearned revenue during June Balance May 31 lun 30 Additional Information for the month of June Account b. Accounts Receivable 12,500 17,200 Cash payment received, 2,000 Calculate: New sales on account during June Part 2 - (5 marks) Equipment with a cost of $103,000 has a useful life of four years. Using straight-line amortization, what is the book value after three years? Part 3 - [3 marks) The prepaid rent of $2,000 was posted to the rent expense account in error for December 31. What is the effect of this error on the December financial statements