Question $1(50$ marks$)$ On $1$st January $2024,$ the account balances of Royal Maintenance Incorporation were as follows. During January the following summary transactions were completed: $8$ Paid $\backslash (\backslash$$ $5,400\backslash )$ for salaries due to employees, which included amounts $\backslash (\backslash$$ $2,000\backslash )$ due for December salaries. Received $\backslash (\backslash$$ $7,500\backslash )$ cash from customers on account. Received $\backslash (\backslash$$ $11,000\backslash )$ cash for services performed in January. The account "Service Revenue" was used. Purchased equipment on account $\backslash (\backslash$$ $8,000\backslash ).$ Purchased supplies on account $\backslash (\backslash$$ $2,000\backslash ).$ Paid creditors on account $\backslash (\backslash$$ $6,000\backslash ).$ Paid January, February and March rent of $\backslash$$$9,000$ in total. Paid salaries $\backslash (\backslash$$ $4,000\backslash ).$ Performed services on account and billed customers for services provided $\backslash$$$3,600.$ Received $\backslash (\backslash$$ $5,800\backslash )$ from customers for future service. Declared and paid a cash dividend of $\backslash (\backslash$$ $1,200\backslash ).$ Adjustment data consists of: $-$ Supplies on hand $\backslash (\backslash$$ $2,600\backslash ).-$ Accrued salaries payable $\backslash (\backslash$$ $1,800\backslash ).-$ Depreciation for the month is $\backslash (\backslash$$ $3,000\backslash )-$ A careful review of the account "Unearned Service Revenue" on $31$st January shows that the correct balance should be $\backslash (\backslash$$ $1,400\backslash ).$ Required $($Note: marks will be given for a good presentation. No description is required for journal entries$)$: $($a$)$ Prepare journal entries for January transactions. $($b$)$ Prepare adjusting entries for the above transactions. $($c$)$ Prepare an adjusted Trial Balance at $31$ January $2024.($d$)$ Prepare $($i$)$ an Income Statement, $($ii$)$ a Statement of Changes in Equity for January and $($iii$)$ a statement of financial position at $31$st January of $2024.$