The balance in prepaid insurance is a one-year premium paid on June 1,2025. An inventory count on August 31 shows $429 of supplies on hand. Annual depreciation rates are (a) buildings ( 4% ) and (b) equipment (10\%). Salvage value is estimated to be 10% of cost. Unearned Rent Revenue of $3,524 was earned prior to August 31. Salaries of $343 were unpaid at August 31. Rentals of $782 were due from tenants at August 31. The mortgage interest rate is 8% per year. The balance in prepaid insurance is a one-year premium paid on June 1,2025. An inventory count on August 31 shows $429 of supplies on hand. Annual depreciation rates are (a) buildings ( 4% ) and (b) equipment (10\%). Salvage value is estimated to be 10% of cost. Unearned Rent Revenue of $3,524 was earned prior to August 31. Salaries of $343 were unpaid at August 31. Rentals of $782 were due from tenants at August 31. The mortgage interest rate is 8% per year