Stetsko is an automotive mechanic shop. They make their sales from service and parts sales. They are in their 4th year of business and the year end is December 31, 2022 At year end they need to make adjusting entries for the following situations: 1. Allowance for doubtful account is estimated to be 0.5% of the balance of Accounts Receivable at year end. The related expense is Bad Debts. 2. Actual inventory of parts is $8742 3. The insurance was paid on March 1, 2022, and the policy is for 12 months Further the fixed assets are depreciated using the following: 1. The building is depreciated at 4% Declining balance 2. The Furniture is depreciated using straight line, with a useful life of 10 years and a salvage value of $5500 3. The automotive equipment is depreciated using 10% declining balance. It is expected to be replaced in 2037