Rupert has emailed you the following list of account information related to the year ended 30 June 2016:(1) The Shop Furniture is expected to have a useful life of seven years and have a $1 300 residual value (calculate and record the depreciation expense for the year).(2) The Office Supplies on hand at 30 June 2016 was $843.(3) The 12 month Insurance policy (policy #247786) of $3 840 was paid on February 1 2016.(4) The Motor Vehicle is expected to have a useful life of five years and have a zero scrap value (calculate and record the depreciation expense for the year).(5) $12 314 of the recorded sales represent receipts for catering at the Nutwood Music Festival which is not until the 4 August 2016.(6) On 30 June, Rupert estimated $50 of Accounts Receivable will not be collected as the amount has been outstanding for 240 days.(7) Staff wages payable but not recorded as at 30 June are $1 886. Of this $848 was bookkeepers wages payable whilst the remaining amount of $1 038 was shop staff wages payable.(8) The bank has approved an overdraft facility for $10 000 for The Whistle Fish.(9) The refrigeration equipment has a useful life of 10 years with a residual value of $4,000.It is now the end of the financial year and Rupert requires you to undertake the following:Allowance for Doubtful DebtsPrepaid InsuranceOffice SuppliesAccumulated Depreciation Shop FurnitureAccumulated Depreciation Motor VehicleAccumulated Depreciation Refrigeration EquipmentUnearned SalesBookkeepers Wages PayableShop Staff Wages PayableSalesBookkeepers Wages ExpenseShop Staff Wages ExpenseDepreciation Shop FurnitureDepreciation Motor VehicleDepreciation Refrigeration EquipmentOffice Supplies ExpenseInsurance ExpenseDoubtful Debts ExpenseThe following Trial Balance for Buzzs Toyshop has been prepared at year end by Buzz but he realises it is not in the correct order.**The loan is payable in equal amounts over 48 months****A physical stocktake of inventory at 30th June 2016 revealed $46 750 on hand.**Insurance was paid to cover the office equipment.Prepare a fully classified using the Trial Balance provided for the