ALEXIS co. For Year Ended December 31 Revenues Fees earned Commissions earned Total revenues $24,000 $29,400 42,500 42,506 66,58071,900 Expenses e 1,356 0 1,575 12,50014,705 Depreciation expense-Computers Depreciation expense-Office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses 4, 50e 4, see 4,588432 3,eee 1,250 3,eee 4221,313 21,25e 28,045 $45,250 $43,855 Net income Analyze the statements and prepare the eight adjusting entries that likely were recorded. Note: 30% of the $5.400 adjust men for Fees Earned has been earned but not billed, and the other 70% has been earned by performing services that were paid fo in advance.)