ACC 421 Week 4 Learning Team Assignment Week Four Textbook Problems P5-3 (Balance Sheet Adjustment and Preparation) P5-3 The adjusted trial balance of Eastwood Company and other related information for the year 2014 are presented as follows. CA 24-2 (Disclosures Required in Various Situations) CA24-2 Ace Inc. produces electronic components for sale to manufacturers of radios, television sets, and digital sound systems. In connection with her examination of Aceâ€™s financial statements for the year ended December 31, 2015, Gloria Rodd, CPA, completed field work 2 weeks ago. Ms. Rodd now is evaluating the significance of the following items prior to preparing her auditorâ€™s report. Except as noted, none of these items have been disclosed in the financial statements or notes. P24-2 P24-2 Cineplex Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2015. P24-3 (Ratio Computations and Additional Analysis) P24-3 Bradburn Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Bradburn and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10, 2014, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $35,000 notes, which are due on June 30, 2015, and September 30, 2015. Another note of $6,000 is due on March 31, 2016, but he expects no difficulty in paying this note on its due date. Brown explained that Bradburnâ€™s cash flow problems are due primarily to the companyâ€™s desire to finance a $300,000 plant expansion over the next 2 fiscal years through internally generated funds. The commercial loan officer of Topeka National Bank requested the following financial reports for the last 2 fiscal years.