Use the unadjusted trial balance of Electric Bike on December $31,2023.$ Debit Credit Cash$$9,100$ Accounts receivable $23,665$ Merchandise inventory $35,600$ Store supplies $2,915$ Office supplies $875$ Prepaid insurance $4,255$ Equipment $85,490$ Accumulated depreciation, equipment $$14,655$ Accounts payable $9,000$ Salaries payable $0$ Braeden Li$,$ capital $186,465$ Braeden Li$,$ withdrawals $67,000$ Interest income $410$ Sales $534,000$ Sales returns and allowances $6,070$ Cost of goods sold $382,160$ Salaries expense $97,300$ Rent expense $30,100$ Supplies expense $0$ Depreciation expense, equipment $0$ Insurance expense $0$ Totals$$744,530$ $$744,530$ Required:$1.$ Record adjusting entries for the following information.a$.$ The records show that the equipment was estimated to have a total estimated useful life of $10$ years with a residual value at the end of its life of $$15,490.$b$.$ The balance in the Prepaid Insurance account was reviewed and it was determined that $$305$ was unused at December $31,2023.$c$.$ A review of the store supplies on December $31,2023,$ revealed a balance on hand of $$2,300$; a similar examination of the office supplies showed that $$690$ had been used.d$.$ Accrued salaries payable, $$2,300.$e$.$ A count of the merchandise inventory revealed a balance on hand December $31,2023,$ of $$34,700.2.$ Prepare a multiple$-$step income statement showing the expenses in detail.