QUESTION 3 (16 marks) A company issued financial statements for the year ended December 31, but failed to include the following adjusting entries: (i) Accrued interest revenue earned of $1,200. (ii) Portion of prepaid insurance expired $1,100. (iii) Accrued taxes of $3,200. (iv) Revenues of $5,200, originally recorded as unearned, have been earned by the end of the year. Determine the correct amounts for the December 31 financial statements by completing the following table: Assets $350,000 Liabilities $200,000 Equity $150,000 Profit $70,000 Reported amounts..... Add/ (Subtract) to correct for item: (i). (ii). (iii) (iv).. Corrected amounts.... (16 marks)