In your role as a Graduate Accountant at 'Steady Growth Accounting', you have been supplied with the following adjusted Trial Balance for $\text{'}$Mr Cool Furniture', prepared at the end of the financial year by the owner, Bella Lake.Mr Cool FurnitureAdjusted Trial BalanceFor the year ended $30$ June $2024$Debits $($$$)$Cash at Bank $86930$Accounts Receivable $128,365$Inventory $(30$ June $2024)252,100$Prepaid Advertising $7,525$Fixtures & Fittings $54,750$Lifting machine $24,280$B Lake $-$ Drawings $18,315$Sales Returns & Allowances $7540$Electricity Expense $8,784$Cost of Sales $311,200$Depreciation Expense $-$ Fixtures & Fittings $4,562\mathrm{.}50$Depreciation Expense $-$ Lifting machine $2428$Freight Inwards $2792$Rent Expense $49000$Discount Allowed $3663$Salaries Expense $-$ Shop $223060$Advertising Expense $1125$Interest Expense $530$Doubtful Debts Expense $990$Salaries Expense $-$ Admin $113,167$Credit $($$$)$Discount Received $530$Sales $644,688$Accumulated Depreciation $-$ Lifting machine $4,856$Telephone and Internet payable $2,201$Accounts Payable $20,331$Interest Payable $530$Loan Payable $73,260$B Lake $-$ Capital $(1$ July $2023)550,061$Allowance for Doubtful Debts $2,990$Accumulated Depreciation $-$ Fixtures & Fittings $9,125$Bella has provided the following additional information to assist you with your statement preparation:$*$ $$7,500$ of the Rent expense specifically relates to the administration office. The remainder of this expense relates to rent on the store,$*30\%$ of the Electricity expense specifically relates to the administration office. The remainder relates to electricity used in running the store.$*$ The loan is to be paid off in three $(3)$ years.