CHECK FIGURE: 2 . Profit =$4,855 Information from the unadjusted trial balance of Electric Bike on December 31,2020, the end of the annuma accounting period, is as follows: 1. Record adjusting entries for the following information. a. The records show that the equipment was estimated to have a total estimated useful life of 10 years with a resale value at the end of its life of $14,590. b. The balance in the Prepaid Insurance account was reviewed and it was determined that $260 was unused at December 31, 2020. c. A review of the store supplies on December 31,2020 , revealed a balance on hand of $2,030; a similar examination of the office supplies showed that $645 had been used. d. Accrued salaries payable, $1,850. e. A count of the merchandise inventory revealed a balance on hand December 31,2020 , of $33,890. 2. Using adjusted trial balance numbers, prepare a multiple-step income statement showing the expenses in detail. Analysis Component: Explain why Interest income is shown under Other revenues and expenses on the multiple-step income statement