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The company forgot to include an accrual for an employee's salary at the end of 2018. The company will have to pay an additional $2,300 to employees during the first week in January 2019 for work performed during the last week in December. The controller mistakenly recorded the purchase of a $1,200 computer with a 3-year life (SL) as an expense in 2017. On January 1, 2017, the company borrowed $10,000 by signing a 4-year 5% note payable. The note is a balloon loan with all interest and principal due December 31, 1. 2. 3. 2020. No interest was recorded in 2017 or 2018. A four-year casualty insurance policy was purchased on June 30, 2018 for $4,250. The 4. full amount was debited to unexpired insurance and no subsequent journal entries have been made. The income tax rate is 21%. Assume there are no book/tax differences other than the meals and entertainment expense. All income tax adjustments should be made directly to he income tax payable account. 5. INSTRUCTIONS: Using Excel record any appropriate journal entries and prepare a 10-column worksheet using the format in Appendix 3C and lIllustration 22-25. Once your worksheet balances, then prepare a COMPLETE Balance Sheet, Income Statement and Statement of Retained Earnings in GOOD FORM in excel. (Note: The worksheet is NoT the financial statements.) 1. 2. List out any assumptions you make

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