The trial balance of the Mabilis Repair Shop appears below at the end of its calendar period: Mabilis Repair Shop Trial Balance Dec 31, 2022 Cash Accounts Receivable Allowance for Bad Debts Notes Receivable Shop Equipment Accumulated Depreciation - shop equip. Furniture & Fixtures Accumulated Depreciation- furniture & fix. Accounts Payable Notes Payable Leynes, Capital Leynes, Drawing Service Income Salaries expense Rent expense Supplies expense Taxes & licenses Light & water expense Debit Credit P10,000 25,000 2750 7,000 30,000 2,000 8,000 5,000 11,000 12,000 44,750 1,000 30,000 8,000 8,000 4,000 1,500 3,000 105,500 $105,500 Adjust the following: 1. Unpaid taxes P 600 2. Accrued Salaries, P3,000 3. Accrued Interest on Notes Payable P 200 4. Unpaid light and water. P 500 5. Supplies on hand, P 1,000 6. Bad debt expense is estimated to be 5% of Accounts Receivable. 7. Fixed assets have an estimated useful life of 10 years without scrap value