The unadjusted trial balance of Bramble Corp., a private company following ASPE, at December 31, 2020 is as follows:

DebitCreditCash$10,450Accounts receivable56,250Allowance for doubtful accounts$704FV-NI investments

9,000Inventory58,000Prepaid insurance2,868Prepaid rent13,700FV-OCI investments

14,550Bond investment at amortized cost16,000Land11,900Equipment105,500Accumulated depreciationequipment17,400Accounts payable8,100Bonds payable60,000Common shares104,600Retained earnings90,089Sales revenue221,700Rent revenue10,200Purchases170,500Purchase discounts2,500Freight out9,000Freight in4,000Salaries and wages expense27,500Interest expense5,200Miscellaneous expense875$515,293$515,293

Additional information:

1.On November 1, 2020, Bramble received $10,200 rent from its lessee for a 12-month lease beginning on that date. This was credited to Rent Revenue.2.Bramble estimates that 7% of the Accounts Receivable balances on December 31, 2020, will be uncollectible. On December 28, 2020, the bookkeeper incorrectly credited Sales Revenue for a receipt of $1,150 on account. This error had not yet been corrected on December 31.3.After a physical count, inventory on hand at December 31, 2020, was $77,500. (Use "Inventory" account for closing out the beginning inventory amount and recording the ending inventory amount.)

4.Prepaid insurance contains the premium costs of two policies: Policy A, cost of $1,320, two-year term, taken out on April 1, 2020; Policy B, cost of $1,548, three-year term, taken out on September 1, 2020.5.The regular rate of depreciation is 10% of cost per year. Acquisitions and retirements during a year are depreciated at half this rate. There were no retirements during the year. On December 31, 2019, the balance of Equipment was $94,000.6.On April 1, 2020, Bramble issued at par value 60 $1,000, 12% bonds maturing on April 1, 2024. Interest is paid on April 1 and October 1.7.On August 1, 2020, Bramble purchased at par value 16 $1,000, 12% Marin Inc. bonds, maturing on July 31, 2022. Interest is paid on July 31 and January 31.8.On May 30, 2020, Bramble rented a warehouse for $1,030 per month and debited Prepaid Rent for an advance payment of $13,700.9.Bramble's FV-NI investments consist of shares with total market value of $9,380 as at December 31, 2020.10.The FV-OCI investment is an investment of 495 shares in Yop Inc., with current market value of $20 per share as of December 31, 2020.