Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2012 follows, along with information about selected accounts Credit Account Names Cash Further Information $31,000 As reported on December 31 bank statement. Based on count, only $110 of supplies still exist. Of this amount, $2,100 was received for December lessons and $410 for January lessons Employees were paid $2,900 for 10 days of work through December 28 They have not yet been paid for work on December 29 and 30 The company has paid last year's income tax but not this year's tax. The company has not paid the $105 of interest owed on its note payable for the current period This one-year note was taken out this year on December 1 This amount was contributed to the com This is the balance reported at the end of last year Most customers pay cash for lessons each time they are provided but some customers pay in advance Employees worked through December 30, but did not work on lies Unearned Revenue $ 2,510 Wages Payable 0 Income Tax Payable Interest Payable 0 0 Note Payable Contributed Capital Retained Earnings Lesson Revenue 12,600 1,000 2,100 49,910 pany in prior years 9 Wages Expense 35,200 ecem This is the cost of supplies used through November 30. The company has not paid the $105 of interest owed on its note payable for the current period The company has an average tax rate of 20% 1,500 Supplies Expense Interest Expense Income Tax Expense Totals $68,120 $68,120