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On December $31,2024,$ Ivanhoe Inc. completed its fourth year of operations. Christina Georgiou is an aspiring CPA working part$-$time

as a clerk in the company's accounting office. Christina assembled the following list of account balances, which are not arranged in any

particular order:

These account amounts are correct; however, Christina did not consider the following information:

As at December $31,2024,$ the supplies still on hand had a cost of $$1,140.$

On September $1,2024,$ the company rented surplus space in one of its warehouses to a tenant for $$3,100$ per month. The

tenant paid for six months in advance, which was recorded as deferred revenue.

Employees earned $$5,100$ of wages in December $2024$ that will not be paid until the first scheduled payday in $2025.$

Depreciation for $2024$ is $$12,400$ on the buildings and $$25,500$ on the equipment.

Additional dividends of $$10,200$ were declared in December $2024$ but will not be paid until January $2025.$

The note receivable is a six$-$month note that has been outstanding since October $1,2024($three months$).$ The interest rate is

$5\%$ per year. The interest will be received by the company when the note becomes due at the end of March $2025.$

The amount shown as insurance expense includes $$1,200$ for coverage over the first three months of $2025.$

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