Problem 3-5 The accounts listed below appeared in the December 31 trial balance of the Savard Theater. Credit Equipment Accumulated Depreciation-Equipment Notes Payable Admissions Revenue Advertising Expense Salaries and Wages Expense Interest Expense $192,000 $60,000 90,000 380,000 13,680 57,600 1,400 (1) The equipment has an estimated life of 16 years and a salvage value of $24,000 at the end of that time. (Use straight-line method.) (2) The note payable is a 90-day note given to the bank on October 20 and bearing interest at 8%. (Use 360 days for denominator) (3) In December, 2,000 coupon admission books were sold at $30 each and recorded as Admissions Revenue. They could be used for admission any time after January 1. (4) Advertising expense paid in advance and included in Advertising Expense $1,100. (5) Salaries and wages accrued but unpaid $4,700 uossion books were sold atr tain Espense $1,100. No. Account Titles and Explanation Credit What amounts should be shown for each of the following on the income statement for the year? (1) Interest Expense (2) Admissions Revenue (3) Advertising Expense (4) Salaries and Wages Expense