The Splish Theater is nearing the end of the year and is preparing for a meeting with its bankers to discuss the renewal of a loan. The accounts listed below appeared in the December 31, 2017, trial balance. Debit Credit Prepaid Advertising $ 5,640 Equipment 219,200 Accumulated Depreciation-Equipment $ 60,100 Notes Payable 94,320 Unearned Service Revenue 18,000 Ticket Revenue 346,600 Advertising Expense 19,580 Salaries and Wages Expense 62,700 Interest Expense 1,370 Ignore income taxes. Additional information is available as follows. 1. The equipment has an estimated useful life of 16 years and a salvage value of $35,200 at the end of that time. Splish uses the straight-line method for depreciation. 2. The note payable is a one-year note given to the bank January 31 and bearing interest at 10%. Interest is calculated on a monthly basis. 3. Late in December 2017, the theater sold 360 coupon ticket books at $50 each. 160 of these ticket books can be used only for admission any time after January 1, 2018. The cash received was recorded as Unearned Service Revenue. 4. Advertising paid in advance was $5,640 and was debited to Prepaid Advertising. The company has used $2,610 of the advertising as of December 31, 2017. 5. Salaries and wages accrued but unpaid at December 31, 2017, were $3,570.