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In: AccountingAdam runs his own marketing business in Australia. During theyear he incurred the following expenses:...Adam runs his own marketing business in Australia. During theyear he incurred the following expenses: a) salary costs of$500,000. b) salary costs of $9,000 for his son who did somegraphic design work for him as he was studying graphic design atuniversity. The work took approximately 19 hours to complete. c)$1200 on membership to the local bowls club where he entertainsclients. d) $3,000 on smart clothing that he considered necessaryto portray the correct image to his clients. e) $8,500 on mealexpenses for his important clients. f) Interest cost of $8,400 on aloan he took out to start up the business. g) $4,000 in travellingfrom home to work. h) $8,500 in telephone bills, of which heestimates 80% to be used for calling clients. i) $9,000 on airfareand accommodation to a marketing conference. j) $600 charged by hisaccountant to complete his tax return for the year. Advise Adam asto the deductibility of the above expenses. Ensure to makereference to relevant legislation