Problem 2: 10 marks (25 minutes) Enter your answer in this section Below are the unadjusted account balances for Gotham Corp as of December 31, 2021 Unadjusted Account Balances Account Accounts payable Accounts receivable Accumulated depreciation Cash Common Shares Cost of goods sold Equipment Interest expense Inventory Long term investments Long term loan Prepaid insurance Retained Earnings Sales Salaries expense Unearned revenue Amount 3,390 77,850 20,100 73,000 135,000 194,000 155,000 7,333 29,000 80,000 200,000 33,087 25,000 309,000 49,220 6,000 The accountant recorded the following adjusting entries at the end of the year: Depreciation on the equipment Salaries payable for 6 days of work Interest expense Insurance expense for the year Income tax expense, not yet paid All unearned revenue obligations were fulfilled 15,500 3,000 4,667 19,087 2,423 Required: Prepare a statement of Financial Position for the year 2021. Problem 2: 10 marks (25 minutes) Enter your answer in this section Below are the unadjusted account balances for Gotham Corp as of December 31, 2021 Unadjusted Account Balances Account Accounts payable Accounts receivable Accumulated depreciation Cash Common Shares Cost of goods sold Equipment Interest expense Inventory Long term investments Long term loan Prepaid insurance Retained Earnings Sales Salaries expense Unearned revenue Amount 3,390 77,850 20,100 73,000 135,000 194,000 155,000 7,333 29,000 80,000 200,000 33,087 25,000 309,000 49,220 6,000 The accountant recorded the following adjusting entries at the end of the year: Depreciation on the equipment Salaries payable for 6 days of work Interest expense Insurance expense for the year Income tax expense, not yet paid All unearned revenue obligations were fulfilled 15,500 3,000 4,667 19,087 2,423 Required: Prepare a statement of Financial Position for the year 2021