Prepare the adjusting entries on December 31, 2019, using the following information, assuming that the books have not been closed: 1) Account Receivables balance at the end of the year was $40,000. The allowance for receivable is estimated to be 10% of the account receivable balance. The balance of the allowance account at the beginning of the year was $4,400 2) The depreciation expense of $59,000 was accidentally reported as $95,000. 3) Ordinary repairs to machinery had been debited to Machinery account, amounted to $10,000 4) The company involved in a lawsuit as customers sue the company for product faulty leading to their health damage. The companys lawyer stated that it is probable that the company will lose the case and might have to pay $10,000 to settle the case.