The following additional information is available at June 30, 2022: Required: (i) Store Supplies on hand at June 30, 2022 amounted to $55,000. (ii) Insurance of $371,700 was paid on April 1, 2022, for 9-months to December 2022 a) (iii) Rent was prepaid on March 1, 2022, for 7-months to September 2022. Prepare the necessary adjusting journal entries on June 30, 2022. [Narrations are not required] (iv) The furniture and fixtures have an estimated useful life of 10 years and is being depreciated on the straight-line method down to a residual value of $10,000. b) Prepare the Adjusted Trial balance at June 30, 2022. (v) The motor truck was acquired on December 1, 2021, and is being depreciated Qxer 5 years on the double-declining balance method of depreciation, down to a residue of $15,000 c) Prepare the company's multiple-step income statement for the period ending June 30, 2022 (vi) (vii) Salaries earned by employees not yet paid amounted to $308,000 at June 30, 2022. Accrued interest expense as of June 30, 2022, $143,500. d) Prepare the company's statement of owner's equity at June 30, 2022 (viii) (ix) On June 30, 2022, $68,122 of the previously unearned sales revenue had been earned. The aging of the Accounts Receivable schedule at June 30, 2022 indicated that the Allowance for Bad Debts should be $189,000. e) Prepare the company's classified balance sheet at June 30, 2022 (x) After making all other adjustments, a physical count of inventory was done, which reveals that there was $1,365,500 worth of inventory on hand at June 30,2022 Other data: (xi) The business is expected to make principal payments totalling $430,000 towards the loan during the fiscal year to June 30,2023 Agricultural Farms Products Co. Ltd - Pork Branch Trial Balance as at June 30, 2022 A/C Name Trial Balance DR CR Cash 2,225,050 Accounts receivable 1,890,000 Allowance for bad debt 109,545 Merchandise Inventory 1,380,500 Store Supplies 355,000 Prepaid Insurance 371,700 Prepaid rent 668,500 Fumiture and fixtures 1,000,000 Accumulated depreciation-Furniture and Fixtures 99,000 Motor Truck 1,200,000 Accumulated depreciation - Motor Truck Accounts payable 68,545 Salary payable Interest payable 143,500 Uneamed Sales revenue Long-term loan Capital Withdrawals Sales revenue 995,827 2,950,000 4,800,000 145,500 4,901,900 Sales discount 150,500 Sales returns and allowances 140,400 Cost of goods sold 2,055,000 Salaries expense 1,008,000 Insurance Expense Utilities Expense 371,700 445,000 764,000 Rent Expense Depreciation Expense - Fumiture & Fixtures Depreciation Expense - Motor Truck Store Supplies Expense Gain on Disposal of Old Motor Truck Bad-Debt Expense Interest Expense 102,533 14,170,850 14,170,850