Question 2.4 (Total: 20 marks: -2 marks per error) The following is a trial balance from Mismanaged Ltd. on March 31, 2020 is as follows: Debit Credit Cash $ 2,870 Accounts receivable 3,231 Office supplies 800 Equipment 3,800 Accounts payable $ 2,666 Unearned revenue 1,200 Common shares 6,000 Retained earnings 2.795 Service revenue 2,380 Salaries and wages expense 3,400 Office expense 940 $15,041 $ 15,041 TOTAL The following transactions took place in April 2020: Payments received from customers on account amounted to $1,320. A computer printer was purchased on account for $500. Services provided to clients and billed on account amounted to $3.890. $400 of supplies was purchased on account in April, and a physical count on April 31 showed that there was $475 of supplies on hand on April 31. When the Unearned Revenue account was reviewed, it was found that $825 of the balance was earned in April. Salaries and Wages Expense of $670 related to employee services provided in April was not yet recorded as at April 31 (will be paid in May). Payments to suppliers on account amounted to $2.125. Received invoices totaling $1,160 related to office expenses incurred in April Declared a dividend of $575 on April 31. Required: 1. Prepare the trial balance as at April 30, 2020, assuming that Mismanaged did not record closing entries at the end of March 2020. (Hint: it may be necessary to add one or more accounts to the trial balance.) Question 2.2 (Total: 14 marks) Alpha Corporation is preparing a contract to lease a machine from Beta Corporation for a period of 25 years. Alpha has an investment $365.755 in the machine, which has a useful life of 25 years and no salvage value at the end of that time. Alpha is interested in earning a on its investment and has agreed to accept 25 equal rental payments at the end of each of the next 25 years. Alpha Corporation has asked you to provide the amount of each of the 25 rental payments that will yield an 11% return on investment the factor table A.4 in appendix A, or a financial calculator or Excel's PV function to complete the calculation