rr inc operates an active business financial statements for/
The balance sheet of RR includes an amount for goodwill acquired from a previous business acquisition. During the year a goodwill impairment loss of $30,000 was deduced from the income from business operations.
Legal expenses include $2,000 for drafting the mortgage document for the new warehouse, $1,000 to investigate a zoning limitation on the new warehouse site, and $5,000 for the audit fee.
3. The balance sheet of RR includes an amount for goodwill acquired from a previous business acquisition. During the year, a goodwill impairment loss of $30,000 was deducted from the income from business operations.
4. Legal expenses include $2,000 for drafting the mortgage document for the new warehouse, $1,000 to investigate a zoning limitation on the new warehouse site, and $5,000 for the audit fee.
5. A management bonus of $60,000 was announced and accrued in September 201X. The bonus was paid in two equal installments on January 31 and April 30 of the following year.
6. The income statement for the year ended December 31, 201X includes the following items:

