E4-16 (Algo) Analyzing the Effects of Errors on Financial Statement Items LO4-1 Skip to question [The following information applies to the questions displayed below.] Kinney-Harvey, Incorporated, publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end (December 31): Did not accrue $1,700 owed to the company by another company renting part of the building as a storage facility. Recorded $13,000 depreciation on the equipment costing $113,000; should have recorded $17,500. Failed to adjust the Unearned Fee Revenue account to reflect that $1,400 was earned by the end of the year. Recorded a full year of accrued interest expense on a $23,400, 9 percent note payable that has been outstanding only since November 1. Failed to adjust Prepaid Insurance to reflect that $640 of insurance coverage had been used