Use the unadjusted trial balance of Electric Bike on December $31,2023.$

Debit Credit $.$ please answer all parts required

Cash $ $8,200$

Accounts receivable $22,765$

Merchandise inventory $34,700$

Store supplies $2,465$

Office supplies $785$

Prepaid insurance $3,355$

Equipment $75,590$

Accumulated depreciation, equipment $ $13,755$

Accounts payable $8,100$

Salaries payable $0$

Braeden Li$,$ capital $170,715$

Braeden Li$,$ withdrawals $62,500$

Interest income $320$

Sales $529,500$

Sales returns and allowances $5,170$

Cost of goods sold $381,260$

Salaries expense $96,400$

Rent expense $29,200$

Supplies expense $0$

Depreciation expense, equipment $0$

Insurance expense $0$

Totals $ $722,390$ $ $722,390$

Required:

$1.$ Record adjusting entries for the following information.

The records show that the equipment was estimated to have a total estimated useful life of $10$ years with a resale value at the end of its life of $$14,590.$

The balance in the Prepaid Insurance account was reviewed and it was determined that $$260$ was unused at December $31,2023.$

A review of the store supplies on December $31,2023,$ revealed a balance on hand of $$2,030$; a similar examination of the office supplies showed that $$645$ had been used.

Accrued salaries payable, $$1,850.$

A count of the merchandise inventory revealed a balance on hand December $31,2023,$ of $$33,890.$

$2.$ Prepare a multiple$-$step income statement showing the expenses in detail.