The following additional information is available at June $30,2022$:Plant Universe Ltd$-$ Acacia Branch

Trial Balance as at June $30,2022$

$\backslash$table$[[$A$/$C Name,Trial Balance$],[,$DR$,$CR$],[$Cash$,1,855,000,],[$Accounts receivable,$1,000,000,],[$Allowance for bad debt,,$80,000],[$Merchandise Inventory,$1,200,000,],[$Store Supplies,$205,000,],[$Prepaid Insurance,$184,950,],[$Prepaid rent,$287,035,],[$Furniture and fixtures,$600,000,],[$Accumulated depreciation$-$Furniture and Fixtures,,$59,000],[$Motor Truck,$1,200,000,],[$Accumulated depreciation $-$ Motor Truck,,$],[$Accounts payable,,$50,000],[$Salary payable,,$],[$Interest payable,,$28,000],[$Unearned Sales revenue,,$198,500],[$Long$-$term loan,,$2,185,375$

$($i$)$ Store Supplies on hand at June $30,2022$ amounted to $$95,400.$

$($ii$)$ Insurance of $$184,950$ was paid on April $1,2022,$ for $9-$menths to December $2022$

$($iii$)$ Rent was prepaid on March $1,2022,$ for $7-$months to September $2022.$

$($iv$)$ The fumiture 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 $$10,000.$

$($v$)$ The motor truck was acquired on February $1,2022,$ and is being depreciated

over $5$ years on the dowble$-$declining balance method of depreciation, down to

a residue of $$15,000$

$($vi$)$ Salaries earned by employees not yet paid amounted to $$195,000$ at June $30,2022.$

$($vii$)$ Accrued interest expense as of June $30,2022,$ $$50,550.$

$($viii$)$ On June $30,2022,$ $$66,000$ of the previously uncamed sales revenue had been camed.

$($ix$)$ The aging of the Accounts Receivable schedule at June $30,2022$ indicated that the

Allowance for Bad Debts should be $$100,000.$

$($x$)$ After making all other adjustments, a physical count of inventory was done, which

reveals that there was $$1,115,500$ worth of inventory on hand at June $30,2022$

Other data:

$($xi$)$ The business is expected to make principal payments totalling $$345,000$ towards the

loan during the fiscal ycar to June $30,2023$

Required:

a$)$ Prepare the necessary adjusting joumal entries on June $30,2022$

$[$Narrations atre not required$]$

b$)$ Prepare the Adjusted Trial balance at June $30,2022.$

c$)$ Prepare the company's multiple$-$step income statement for the period ending

June $30,2022$

d$)$ Prepare the company's statement of cowner's cquity at June $30,20122$

e$)$ Prepare the company's chassified balance sheet at June $30,2022$