Hello, All I need is help for Parts A&B. Please show workings for how the adjusted entries are calculated, ESPECIALLY (V) with the depreciation (would like to see the breakdown of the double declining method) Thank You in advance.

The following additional information is available December 31, 2020: (i) Store Supplies on hand on December 31, 2020, amounted to $255,500. Insurance of $2,775,000 was paid on January 1, 2020, for the 15-months to March 31, 2021 (iii) (iv) (v) The Pizza and Coffee Company Trial Balance as of December 31, 2020 A/C Name Trial Balance DR CR Cash 560.000 Accounts receivable 3.710.000 Allowance for bad debt 290.000 Merchandise Inventory 2,580,000 Store Supplies 1,300,000 Prepaid Insurance 2.775.000 Prepaid rent 1,000,000 Furniture 2.650.000 Accumulated deprecation-Furniture 2,080,000 Machinery 1.800.000 Accumulated depreciation-Machinery 1,328,141 Accounts payable 630,000 Salary payable Interest payable Unearned Sales revenue 800,000 Note Payable, long term 2.500.000 Patty Patterson, Capital 5,200,000 Patty Patterson, Withdrawals 280,000 Sales revenue 22,726,859 Sales discount 1.200.000 Sales returns and allowances 800,000 Cost of goods sold 8,100,000 Salaries expense 7,270,000 Insurance Expense Utilities Expense 580.000 Rent Expense 950,000 Depreciation Expense - Furniture Depreciation Expense - Machinery Store Supplies Expense Gain on Disposal of Machinery Bad-Debt Expense Interest Expense 35,555,000 35,555,000 Prepaid rent expired December 31, 2020, amounts to $850,000 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 $50,000. The machinery cost includes two coffee drink machines purchased for $900,000 cach by the company on January 1, 2014. The double-declining balance method of depreciation is used to compute the machinery's depreciation charges and their expected useful life is 10 years or 100,000 drinks. In 2014, 5,000 drinks were sold, 6,500 in 2015, 7,800 in 2016, 9,000 in 2017, 11,500 in 2018, 12,800 in 2019 and 15,900 sold in 2020. The residual value on both machines is $96,637 each. On September 1, 2020, the company sold one of the coffee drinks machines for $480,000 cash. ) (vi) (vii) Salaries earned by employees and not yet paid amounted to $180,000 on Dec 31, 2020. Accrued interest expense as of December 31, 2020, $98,000. On Dec 31, 2020, S695,000 of the previously unearned sales revenue had been carned The aging of the Accounts Receivable schedule on Dec 31, 2020, indicated that the (viii) (ix) ) Allowance for Bad Debts should be $371,000 (x) x A physical count of inventory was done on December 31, 2020, after making all the other adjustments and this revealed that there was $2,400,000 worth of inventory on hand at this point. Other data: (xi) The business is expected to make principal payments totalling $400,000 towards the loan during the fiscal year to December 31,2021. Required: a) Prepare the necessary adjusting journal entries on Dec 31, 2020. [Narrations are not required) b) Prepare the Adjusted Trial balance for the period ending December 31, 2020. c) Using the Adjusted trial balance, generate the statements requested by Ready Cash, i.e. A Multiple-step income statement & a Statement of owner's equity for the year ended December 31, 2020 . A Classified balance sheet, in report format, at December 31, 2020