The following trial balance has been extracted from the accounts of Accounting Exam Ltd. The following additional information as at 31 December 2019 is also available. - Depreciation is to be provided for the year as follows: (i) Equipment - 10% on cost, (ii) Motor vehicles - 15% on cost - The heating and lighting expense of December is expected to be $2,160 to be invoiced and paid in January 2020. - Rent is prepaid by $1,300. - It is decided that a bad debt of $2,700 should be written off, and that the general allowance for doubtful debts should be 3%. - The loan note was issued on 1 August this year and interest (5\%) is paid annually on 1 August each year. - On 31 December 2019 the directors of Account Exam Ltd decided to pay a dividend of 5 cents per share. - Tax charge is estimated to be $2,350. The following trial balance has been extracted from the accounts of Accounting Exam Ltd. The following additional information as at 31 December 2019 is also available. - Depreciation is to be provided for the year as follows: (i) Equipment - 10% on cost, (ii) Motor vehicles - 15% on cost - The heating and lighting expense of December is expected to be $2,160 to be invoiced and paid in January 2020. - Rent is prepaid by $1,300. - It is decided that a bad debt of $2,700 should be written off, and that the general allowance for doubtful debts should be 3%. - The loan note was issued on 1 August this year and interest (5\%) is paid annually on 1 August each year. - On 31 December 2019 the directors of Account Exam Ltd decided to pay a dividend of 5 cents per share. - Tax charge is estimated to be $2,350