E. PROBLEM SOLVING (2 point each - 20 points) - Compute the required amounts. The Golden Thai Company has the following T-accounts below. Compute the account balance of the following T-accounts: and indicate whether it is a debitor a credit balance Cash 10,000 1,000 5,000 85 Accounts Payable 2,450 3,200 Sales Revenue 4,450 3,565 760 (1) (2) (3) 3 (4) Roche Emporium purchased equipment on January 1 for $25,000. The equipment will be used for five years, after which the estimated residual value will be $2,000. Using straight-line depreciation, what is the depreciation expense for the first year of the asset's life? (5) Matt Construction Company started its business operations on March 1, 2020. On this date, the company purchased $ 450 worth of supplies. On March 31, an inventory count showed that $ 185 worth of supplies are on hand. How much was supplied used during the month of March? (6) Molly's Liquor Store paid $3,000 for a six-month insurance policy for the company van. The policy coverage began on February 1. How much insurance expense must be recorded for the month of February? (7) On July 1, 2021, Dairy Cream Ice Cream Parlor took out a bank loan for $18,000 with an interest rate of 10%. The loan is due in two years. Interest is incurred on a monthly basis and is payable after every six months How much interest is due on December 31, 2021