The following is Elbow Cycle Repair Shop's trial balance at January 31, 2024, the company's fiscal vear ond Additional information: 1) Service revenue earned but not recorded at January 31,2024 , was $5,350. 2) The 12-month insurance policy was purchased on June 1,2023. 3) A physical count of supplies shows $1,310 on hand on January 31,2024. 4) The building has an estimated useful life of 50 years. The equipment has an estimated useful life of nine years. 5) Salaries of $1,975 are accrued and unpaid at January 31,2024. 6) The mortgage payable has a 5% interest rate. Interest is paid on the first day of each month for the previous month's interest. 7) By January 31,2024,$1,300 of services related to the unearned revenue have been provided. 8) During the next fiscal year, $4,500 of the mortgage payable is to be paid. Note that the additional information may be applicable to more than one of the requirements below. The company prepares adjusting entries on an annual basis