Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before adjusting entries are recorded, and the right column is prepared after adjusting entries. The company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts. Income Statements For Year Ended December 31 Unadjusted Adjusted Revenues Fees earned $ 24,000 $ 28,800 Commissions earned 42,500 42,500 Total revenues $ 66,500 71,300 Expenses Depreciation expenseComputers 0 1,200 Depreciation expenseOffice furniture 0 1,400 Salaries expense 12,500 14,460 Insurance expense 0 1,040 Rent expense 4,500 4,500 Office supplies expense 0 384 Advertising expense 3,000 3,000 Utilities expense 1,250 1,306 Total expenses 21,250 27,290 Net income $ 45,250 $ 44,010 Analyze the statements and prepare the seven adjusting entries that likely were recorded. Hint: Entry for a refers to fees that have been earned but not yet billed. None of the entries involve cash.