ALEXIS co. For Year Ended December 31 Revenues Fees earned Commissions earned Total revenues $24,000 $29,400 42,500 42,506 $66, 588 71,988 Expenses e 1,356 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, 5ee 4, see 4,580432 3,000 1,250 3,000 422e1,313 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 adjustmen 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.)