Question 2 (55 marks) Shopper's Choice, an online trading business established by David Lee, prepared the following unadjusted trial balance for the financial year ended 31 December 20x1. Account Dr. $ Cr. $ Cash at Bank 890,000 Equipment - at cost 156,000 Furniture - at cost 337,500 Accumulated depreciation - equipment 45,500 Accumulated depreciation - furniture 102,500 Accounts Receivable 245,700 Accounts Payable 128,640 Bank Loan 650,000 Sales 1,908,340 Cost of Sales 701,000 Office Supplies Expenses 20,800 Salary 320,000 Rent 192,000 Administrative expenses 108,360 Utilities 95,620 Insurance Expenses 120,000 Capital - David Lee 500,000 Drawings - David Lee 148,000 3,334,980 3,334,980 Additional Information: (1) Shopper's Choice received $27,300 paid by a customer and recorded as sales in the year ended 31 December 20x1, but goods were delivered on 10 January 20x2. (2) Salaries of $75,000 were to be accrued. (3) Depreciation for equipment and furniture were not yet provided. The amount of depreciation for the equipment and furniture for the year ended 31 December 20x1 were $26,000 and $37,500 respectively. ( Insurance expense of $120,000 covered the period from May 1, 20x1 to 30 Apr, 20x2