please do number 1

It is now October 15, 2023. Your Cousin has just won $660 million in the lottery and decides to go on a trip around the world. You offer to drive her to the airport. During the drive to the airport, she tells you the win will allow her to retire, and she wants to know if you want to buy her business. She gives you the password to her computer so you can go and find the current financial information about the company. Ruff Candy Ltd. has not yet completed their September 30, 2023, year end statements. However, you were able to find a partially completed adjusted trial balance for that time frame. You know that having current year end financial information will be important to value your Cousin's business. You take a closer look at the notes in the files regarding the partial adjusted trial balance. Your Cousin indicates that all adjustments for year end have been made to the trial balance except annual depreciation on the candy equipment and the following: 1) The annual interest on the long term loan has not been recorded. 2) The aged accounts receivable schedule has not been completed to determine the allowance for doubtful accounts for the end of September. 3) A final evaluation of inventory still needs to be done. Luckily your Cousin had already collected all the information to be able to complete these last 3 adjustments. Year end adjustments information. Inventory valuation Aged accounts receivable listing Bank loan information Instructions 1. Prepare the adjusting entries for the final 4 adjustments complete with supporting calculations. No explanations required. (14 marks) 2. Using the adjusted trial balance provided below, prepare a Statement of Financial Position, Statement of Cash Flow, Multi step Statement of Income and Statement of Retained Earnings in the proper order and all in good form. (58 marks) Ruff Candy Ltd. Adjusted Trial balance For the period ending September 30,2023 It is now October 15, 2023. Your Cousin has just won $660 million in the lottery and decides to go on a trip around the world. You offer to drive her to the airport. During the drive to the airport, she tells you the win will allow her to retire, and she wants to know if you want to buy her business. She gives you the password to her computer so you can go and find the current financial information about the company. Ruff Candy Ltd. has not yet completed their September 30, 2023, year end statements. However, you were able to find a partially completed adjusted trial balance for that time frame. You know that having current year end financial information will be important to value your Cousin's business. You take a closer look at the notes in the files regarding the partial adjusted trial balance. Your Cousin indicates that all adjustments for year end have been made to the trial balance except annual depreciation on the candy equipment and the following: 1) The annual interest on the long term loan has not been recorded. 2) The aged accounts receivable schedule has not been completed to determine the allowance for doubtful accounts for the end of September. 3) A final evaluation of inventory still needs to be done. Luckily your Cousin had already collected all the information to be able to complete these last 3 adjustments. Year end adjustments information. Inventory valuation Aged accounts receivable listing Bank loan information Instructions 1. Prepare the adjusting entries for the final 4 adjustments complete with supporting calculations. No explanations required. (14 marks) 2. Using the adjusted trial balance provided below, prepare a Statement of Financial Position, Statement of Cash Flow, Multi step Statement of Income and Statement of Retained Earnings in the proper order and all in good form. (58 marks) Ruff Candy Ltd. Adjusted Trial balance For the period ending September 30,2023