Complete fully please. I could not figure out what the interest on the mortgage payable was - it is worded weird.

Problem 4-4 Roadside Travel Court Ltd, was organized on July 1, 2017, by Betty Jchnson. Betty is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Betty prepared the following income statement for her fourth quarter, which ended June 30, 2018. ROADSIDE TRA VEL Quarter Ended June 30, 2018 Rent revenue $228,000 Salaries expense $76,000 Repair and maintenance expense 3,00 Advertising expense Deprediation expense 2,500 Utilities expense 1,000 7,000 Net income $141,000 Detty suspected that something was wrong with the statement because net income had never exceeded $53,000 in any cne quarter. Knowing that you are an experienced accountant, she asks you to review the income statement and other data You first look at the trial balance. In addition to the account balances reported above in the income statement, the trial balance contains the following additional selected balances at June 30, 2018. 7,500 Supplies Prepaid insurance 16,800 Mortgage payable 144,000 You then make inquiries and discover the following items: 1. Rental revenue includes advanced rental payments received for summer occupancy in July, in the amount of $55,000. 2. There were $9D of supplins on hand at June 30 3, Prepald Insurance resulted from the purchase of a one-year policy for $16,800 on April 1, 2018. 4. The mail the first week of July brought the following bills: advertising for the week ofJune 24$100; repairs made June 18, 4,590; and uti ities for the month of June, $220. . Salarins are $300 per day. At June a, four days salaries have been incurred but not paid. 6, Interest on the mortgage payable s $1,800 for the quarter and due July 1 7. Income tax of $8,300 for the quarter is due in July Prepare the adjusting journal entries required at June 30, assuming adjusting entries are made quarterly. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for thhe account titles and enter 0 for the anouns.) Sr no. Date Account Titles and Explanation Debit 1 June 30 2. June 30 1. 4. June 30 5 June 30 6 June 30 7. Juna 30 Propare a correct income statement for the quarter ended June 30, 2018 income Income Statement Quarter Ended June 30, 2018