Can we please get Step by Step Solution sloved please.

1. Fantasyland Adventures Company owns and operates a small amusement park in Aberta. Following 48 marks is the unadjusted trial balance for Fantasyland as of its year end date: The following information concerns the adjusting entries to be recorded as of May 31, 2023 for Fantasyland Adventures Company: i) ii) iii] iv) v) v) via) Depreciation - building Depreciation - rides According to a count, the cost of merchandice inventory on hand on May 31, 2023 is the following amount: Inventory on hand at year end: $ 5,123 The following amount of supples are unused as of May 31, 2023: Supplies on hand at vear end: $ 541 541 On March 28, 2023, a cheque was issued for a 1-vear insurance policy effective April 1, 2023. The cost of the policy was charged to insurance expense: Amount of cheque issued March 28, 2023: \$ 63,109 Depreciation expense is the following for the building and the rides for the 2022 year: $$25,99039,852 Fantasyland received a bil from a ride maintenance contractor on June 15, 2023. The bill pertained to services provided to Fantasyland in the months of April and May 2023. This bill is not reflected in the unadjusted trial balance. Amount of mainterance service bill $8,203 Fantasyland's employees earned wages in May 2023 that were not paid until the following month: Wages owing on May 31, 2023 s 4,703 The note payable is a 5-year note given to the bank on May 1, 2023. It bears interest at a rate of 6% annually. The first interest parment is scheduled to be made on fune 1,2023. Fantasyland is not expected to make any principal payments on this note for the next 2 years. viij) Three-quarters of the amount recorded in the unearned admission ticket revenue account has been earned by May 31, 2023. ix) Dividends were dectared on May 31, 2023, to be paid to the shareholders of record on June 3, 2023. The dividends were paid on fune 7, 2023. No joumal entry for these dividends has been included in the unadjusted trial balance. Amount of dividends declared 5 58,000 x) Fantasyland Adventures calculated its income taxes for the 2023 year at the following amount (note that none of this amount was paid or recorded by the corporation's year end of May 31, 2023): Income taxes for 2023 s. 9,776 Required: Note that you can we the optional templotes aftoched to this question in preparing and submitting your responses: a) Uing the accounts from the unadjusted trial balance, prepare ad,ustine journal entries for Fantasyland Adventures Company as at Moy 31, 2023. You ace not required to provide an explanation for each entry. (13 marks) b) Post each adjusting journal entry to the general ledger. (10.5 marks) c) Prepare an adjusted trial balance for fantasyland Adventures Company as at May 31. 2023. (10.5 marks). d) Prepare the following financial statements for Fantasyland Adventures Company as at or for the year ended May 31, 2023: Single-Step income statement. {5 marks\} Statement of Retained Earnings (2 marks) Classified Balance Sheet (7 marks) HuNT: See iflustration 4.8 on page 424 for the format of the single-step income statement (you are not required to cotegorise income taxes as current or deferred).