what will be the journal entries for the following transactions- i. Sydney Cycle Ltd’s management are becoming increasingly awarethat their segment of cycling market is dependent on the technicalinnovation of their frames. As result they have begun to undertakea more formalised approach to ‘research and development’. Duringthe month they have spent $25,000 cash investigating theincorporation of a variety of new alloys into their frames.Unfortunately, these alloys have provided no real benefit to theirproducts, and as a result management will commit future funds toresearch into a range of composite materials;.. management requiresthe Allowance for Doubtful Debts to have a balance of $360,000 s.The management of Sydney Cycles Ltd has noted that the current bookvalue of their plant and equipment is slightly below its currentmarket price. As a consequence, the firm’s management is unsure asthe whether they should revalue the plant and equipment upward byan additional $5,000; v. Each year during January, the firm’smanagement declares a dividend. The total dividend declared duringJanuary 2018 is $200,000 to be shared across all shareholders. Thedividend will be paid on March the 31st, 2018; w. Sales for Januaryincluded several new products. Importantly these new offeringsinclude the release of a quite technically advanced carbon-fibreracing frame. As a consequence of the innovative nature of the newframe management have offered a 12-month warranty with each of thenew units sold. Given the sales of the new frame they estimate thepotential cost of replacing any frame that proves faulty will be$15,000;