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The following information opplies to the questions disployed below.j The following account balances are token from the December 31, 2015, financial statements of ABZ Advertising

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The following information opplies to the questions disployed below.j The following account balances are token from the December 31, 2015, financial statements of ABZ Advertising Company. The company uses accrual basis accounting. Advertising revenue Cash Accounts receivable Interest expense Accounts payable Operating expenses Uneorned revenue Equipmemt Income tax expense S 52,964 47,138 7,923 2.424 5,270 42,901 1,340 20,656 2,648 The following activities occurred in 2016

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