The accounts listed below appeared in the December 31 trial balance of the Nash Theater. s ons Debit Credit $195,392 Equipment $62040 Accumulated Depreciation-Equipment 108,000 Notes Payable 386,200 Admissions Revenue 15,120 Advertising Expense 59,130 Salaries and Wages Expense 1,680 Interest Expense From the account balances listed above and the information given below, prepare the annual adjusting entries necessary on December 31. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Round answers to O decimal places, es. 5,250J (1) The equipment has an estimated life of 16 years and a salvage value of $22,592 at the end of that time. (Use straight-line method) (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8 % ( Use 360 days for denominator) (3) In December, 2,170 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1 (4) Advertising expense paid in advance and included in Advertising Expense $1,048. (5) Salaries and wages accrued but unpaid $4,592. Credit Debit No. Account Titles and Explanation (1) (2) MacBook Air oon From the account balances listed above and the information given below.prepare the annual adjusting entries necessary on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter O for the amounts. Round answers to O decimal places, eg. 5,250.) (1) The equipment has an estimated life of 16 years and a salvage value of $22,592 at the end of that time. (Use straight-line method.) (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8 % (Use 3600 days for denominator.) (3) In December, 2,170 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1. (4) Advertising expense paid in advance and included in Advertising Expense $1,048. (5) Salaries and wages accrued but unpaid $4,592. Credit Debit No. Account Titles and Explanation (1) (2) (3) (4) (5) eTextbook and Media MacBook Air 11 What amounts should be shown for each of the following on the income statement for the year? $ (1) Interest Expense (2) Admissions Revenue $ (3) Advertising Expense $ (4) Salaries and Wages Expense