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$1$ tab. LTl initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December $31$ follow.

$15$

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$0.$ An analysis of LTI's insurance policies shows that $$2,550$ of coverage has expired.

b$.$ An inventory count shows that teaching supplies costing $$3,640$ are available at year$-$end.

c$.$ Annual depreciation on the equipment is $$4,200.$

d$.$ Annual depreciation on the professional liorary is $$7,800.$

e$.$ On November $1,$ LTl agreed to do a special six$-$month course $($starting immediately$)$ for a client. The contract calls for a monthly fee of $$2,600,$ and the client paid the first five months fees in advance. When the cash was received, the Unearned Training Fees account was credited.

f$.$ On October $15,$ LTI agreed to teach a four$-$month class $($beginning immediately$)$ for an executive with payment due at the end of the class. At December $31,$$$3,000$ of the tuition has been earned by LTL$.$

$9.$ LTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $$220$ per day for each employee.

h$.$ The balance in the Prepaid Rent account represents rent for December.

Answer is not complete.

$\backslash$table$[[$Requirement$,\backslash$table$[[$General$],[$Jouma$]],\backslash$table$[[$Genera$],[$Ledger$]],$Trial Belance,$\backslash$table$[[$Income$],[$Statement$]],\backslash$table$[[$St of Retained$],[$Earnings$]],$Balance Sheet,$\backslash$table$[[$Impact on$],[$income$]]]]$

Use the drop$-$downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection.

Adjusted

$\backslash$table$[[$Lewis Technical Institute$],[$Income Statement$],[$For Year Ended December $31,2022],[$Revenues$,0,,,],[$Cash$,8,9,57,800,],[$Accounts receivable,$3,$C$,3,000,],[$Teaching supples,$8,,3,640,],[$Total revenues,,,,$5,64,240$ what is the income statement $?$

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