can an expert please help me solve these questions?

Tony's Dquipment Rental the (IBRD) On September 1, 2022, Tony Ferth oz:inired a business entled Tony's Equipment Rental Inc. (CBRD) for the purpose of operating an equipment reatal yard. The new business was able to begin operntions immediately by punchasing the assets and taking over fhe location of Rent-It, an equipment rental company that was going out of business. TERI uses the following chart of eccounts: Assetat Cash, Accounts Receivable, Prepaid Reat, Orice Supplies, Rental Equifpment, Aceumulated depreciation: Rental Bquipmeat Whbilities: Notes Rayable, Accounts Payable, Interest Payable, Salaries Payable, Uneamed Rental Fees Shareholder's Equity: Common Shares, Retained Eamings, Dividends Revenuest Rental Fees Bamed B.penses: Salaries Bxpense, Maintenance Bxpense, Utilities Expense, Rent Expense, Ofice Supplies Expense, Depreciation Bxpense, Interest Expense In September, the company entered the following transactions: Sept 1 Issued common shares to Tony Fertig and other investors in exchange for $100,000cash. Sept 1 Paid $9,000 to Wellington Realty as three months' advance rent on the renth yad and office formerty oceupied by Rent-It Sept 1 Purchased for $180,000 all the equipment formerly owned by Rent-lt. Paid 570,000 cash and issued a one-year note payable for $110,000, plus interest at the annual rate of 9%. This rental equipment is estimated to have a 10 year nsefinl tife. Sept 4 Purchased office supplies on account from Modern Ofiice Co, S1,630. Payment due in 30 days. (These supplies are expected to last for several months.) Sept 8 Received 510,000 cash from MoFadden Construction Co. as advance payment for equipment rental. Sept 12 Paid calaries for the first two weeks in September, $3,600. Sept 15 Exsluding the MeFedden edvance, equipment rental fees eamed during the fist 15 dys of September amounted to $6,100, of which 55,300 was reselved in enshend 6800 was an eccount recolvebla Sept 17 Purchased on eccount fiom Earth Movers, foc, 5340 in parts needed to repaif arental trector. Rayment is duc in 10 days. Sept 23 Collected $210 of the accounts receivable recorded on September 15. Sept 26 Rented a beckhoe to Mission Landscaping at a price of $100 per day, to be paid when the backhoe is retumed. Mission Landscaping expects to keep the back thoe for about two or three weeks. Sept 26 Paid biweekly salaries, $3,600. Sept 27 Paid the account payable to Earth Movers, Inc, 3340. Sept 28 Paid dividends of $2,000cash. Sept 30 Received a bill for utilities expense for the month of September, $270. Payment is due in 30 days. Sept 30 Cash received from equipment rental during the second half of September, 36,450 . The information available on September 30 is as follows: the office supplies on hand are estimated at \$1,100; S4,840 of the advance payment from McFadden Construction Co. has been eamed; salaries eamed by employees since the last payroll are $900. Instrections Prepare journal entries for the above transections in September and post the transactions to the ledger, using T-accounts and adding any new accounts which you need. You may omit narratives to the journal entries. Brepare edjusting journal entries and post the adjustments to the Taccounts, adding any new eceounts which you need. Note that some of the adjusting entuies cen be dectived from the information provided in the various transactions from September 1 to September 30, in addition to the information available on September 30 . Brepare s statement of camings (income statement) for the month of September in good form. Brepare s statement of retained enmings for the month of September in good form. Brepare e classified statement of financial position (balance shect) es of September? 30 in sood form. Bepars closing entries es of September 30 . Questions to Answer: 1.What is the impact on financial statements (are income, assets, liabilities overstated, understated or not affected) if the equipment is estimated (on September 1) to have a usefit life of 20 years instead of 10 years ? 2.Are there any ethical implications in lengthening the usefil tife of the asset 2 List the stakeholders who could be affected by such a change and briefly discuss how they could be affected