c) End of year adjustments Following a review by management you have been asked to make the following end of year adjustments to the accounts. Account names may differ slightly; you are to choose the most correct option from your Chart of Accounts. i) Record the following depreciation expense at 30 June 2022: DR Depreciation Expense $571 CR Accumulated Depreciation (Office Equipment) $216 CR Accumulated Depreciation (Store Fittings) $355 ii) Rates were paid to the Local Council on 31 May 2022 to cover the period 1 June 2022 to 31 August 2022. An amount of $588.00 is to be recorded as prepaid rates as at 30 June 2022. DR Prepaid Rates (new Asset account) CR Council Rates iii) Accrued electricity at the end of June is estimated at $325.00 and is to be included in the accounts. DR Electricity Expense CR Accrued Expenses (new Liability account) iv) A statement on the Bank Loan has been checked online and it has been confirmed that loan interest of $257.36 has been added to the Loan account at 30 June 2022. An annual fee of $35.00 was also charged on the same day. These need to be added to the account balance. DR