Take into account the following year end data for any possible adjustments:

Office supplies on hand per a physical count for $$100$

Prepaid insurance remaining at December $31,2021$ was $$100$

There was $$1,000$ in unpaid salaries at year end.

The mortgage is paid annually on January $1$ with $20$ years remaining at December $31,2021.$ The interest rate is $6\mathrm{.}75\%$ and interest is paid on January $1$ along with the fixed principal amount.

There was no inventory balance.

Show the required adjustments $($explanations are not required$)$

After the above adjustments are post, compute the following. Posting and completion of the worksheet is optional.

Computed net income is $$53,995$

After the closing entries, what is the balance of Retained Earnings? $$.$

Total assets on the balance sheet would be reported as $

Compute current assets $

Compute gross profit $