On May $5,2024,$ you were hired by Carla Vista Inc., a closely held company that follows ASPE, as a staff member of its newly created internal auditing department. While reviewing the company's records for $2022$ and $2023,$ you discover that no adjustments have yet been made for the items listed below.

Interest income of $$21,432$ was not accrued at the end of $2022.$ It was recorded when received in February $2023.$

Equipment costing $$20,520$ was expensed when purchased on July $1,2022.$ It is expected to have a four$-$year life with no residual value. The company typically uses straight$-$line depreciation for all fixed assets.

Research costs of $$41,040$ were incurred early in $2022.$ They were capitalized and were to be amortized over a three$-$year period. Amortization of $$13,680$ was recorded for $2022$ and $$13,680$ for $2023.$ For tax purposes, the research costs were expensed as incurred.

On January $2,2022,$ Carla Vista leased a building for five years at a monthly rental of $$10,260.$ On that date, Carla Vista paid the following amounts, which were expensed when paid for both financial reporting and tax purposes:

$\backslash$table$[[$Security deposit,$$39,900$