In the income statement I need one more for the expenses. In the balance sheet I need the equity. Impact on income I need most of the right column including the bottom right (net income before/after adjustments)

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Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, is found on the trial balance tab. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31. a. An analysis of WTI's insurance policies shows that $2,400 of coverage has expired. b. An inventory count shows that teaching supplies costing $2,800 are available at year-end. c. Annual depreciation on the equipment is $13,200. d. Annual depreciation on the professional library is $7,200. e. On September 1, WTI agreed to do five courses for a client for $2,500 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $12,500 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees. f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $7,500 of the tuition has been earned by WTI. g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. No Date Account Title Debit Credit 1 Dec 31 Insurance expense 2.400 Prepaid insurance 2,400 2 Dec 31 5,200 Teaching supplies expense Teaching supplies 5,200 3 Dec 31 13,200 Depreciation expense - Equipment Accumulated depreciation - Equipment 13,200 Dec 31 7,200 Depreciation expense - Professional library Accumulated depreciation - Professional library 7,200 5 Dec 31 5,000 Unearned training fees Training fees earned 5,000 6 Dec 31 7,500 Accounts receivable Tuition fees earned 7,500 7 Dec 31 400 Salaries expense Salaries payable 400 8 Dec 31 Rent expense 3,000 Prepaid rent 3,000 Cash Accounts receivable Debat Credit No. Debit Credit No. Balance Date Dec 31 Balance 34,000 Date Dec 31 Dec 31 0 6 7,500 7,500 Teaching supplies Dabit Credit Prepaid insurance Debit Credit No. No. Date Dec 31 Dec 31 Balance 8,000 2,800 Date Dec 31 Dec 31 Balance 12,000 9,000 2 5,200 2,400 Prepaid rent Debit Credit Professional library Debi Credit No. No. Date Dec 31 Dec 31 Balance 3,000 Date Dec 31 Balance 35,000 3,000 0 Equipment Debit No. No. Accumulated depreciation - Professional brary Data Debit Credit Balance Dec 31 10,000 Dec 31 7,200 17,200 Credit Date Dec 31 Balance 80,000 4 Accounts payable Debit Credit No. Balance No. Accumulated depreciation - Equipment Data Debit Credit Dec 31 Dec 31 13,200 Date Dec 31 Balance 26,000 15,000 28,200 3 Salaries payable Debit Credit Uneamed training fees Debit Credit No. No. Date Dec 31 Dec 31 Balance 0 400 Date Dec 31 Dec 31 Balance 12,500 7 400 51 5,000 7.500 T. Wells, Capital Debit Credit T. Wells, Withdrawals Debit Credit No. No. Date Dec 31 Balance 90,000 Date Dec 31 Balance 50,000 Tuition fees earned Training fees earned Credit No. Debit Credit No. Debt Date Dec 31 Dec 31 Balance 123,900 131,400 Date Dec 31 Dec 31 Balance 40,000 7,500 5,000 45,000 No. No. Balance Depreciation expense - Professional library Data Debit Credit Balance Dec 31 0 Dec 31 7,200 7,200 Depreciation expense - Equipment Data Debit Credit Dec 31 Dec 31 13,200 0 13,200 Salaries expanse Debit Credit Insurance expense Debit Credit No. No. Balance Date Dec 31 Dec 31 Balance 50,000 50,400 Date Dec 31 Dec 31 0 400 2.400 2.400 Wells Technical Institute Trial Balance December 31, 2021 Account Title Debit Credit $ 34,000 7,500 2,800 9,600 35,000 17,200 80,000 28,200 26,000 400 7,500 90,000 Cash Accounts receivable Teaching supplies Prepaid insurance Professional library Accumulated depreciation - Professional library Equipment Accumulated depreciation - Equipment Accounts payable Salaries payable Unearned training fees T. Wells, Capital T. Wells, Withdrawals Tuition fees earned Training fees earned Depreciation expense - Professional library Depreciation expense - Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense Total 50,000 131,400 45,000 7,200 13,200 50,400 2,400 36,000 5,200 6,000 6,400 345,700 $ $ 345,700 Wells Technical Institute Income Statement For Year Ended December 31 Revenues Tuition fees earned Training fees earned 131,400 45,000 0 $ 176,400 Total revenues Expenses Depreciation expense - Professional library Depreciation expense - Equipment Salaries expense Insurance expense Rent expense Teaching supplies expense Advertising expense Utilities expense 7,200 13,200 50,400 2,400 36,000 5,200 6,000 6,400 0 0 Total expenses Net income S 126,800 49,600 Wells Technical Institute Statement of Owner's Equity For Year Ended December 31 T. Wells, Capital, December 31 prior year end Add: Net income Less: Withdrawals by owner T. Wells, Capital, December 31 current year end $ 90,000 49,600 (50,000) 89,600 $ $ Wells Technical Institute Balance Sheet December 31 Assets $ Current assets Cash Accounts recevable Teaching supplies Prepaid insurance Prepaid rent 34,000 7,500 2,800 9,600 0 0 $ 53,900 35,000 (17,200) 17,800 Total current assets Plant assets Professional library Accumulated depreciation - Professional library Professional library, net Equipment Accumulated depreciation - Equipment Equipment, net Total plant assets Total assets 80,000 (28,200) 51,800 69,600 123,500 $ Liabilities Current liabilities Accounts payable Salaries payable Unearned training fees $ 26,000 400 7,500 0 Total liabilities $ 33,900 Equity 89,600 Total equity Total Liabilities & Equity 89,600 123,500 $ Impact on net income $ (2.400) (5,200) (13,200) Adjusted Account affecting the Adjusting entry related to: Income statement Balance Sheet a. Insurance Insurance expense Prepaid insurance b. Teaching supplies Teaching supplies expense Teaching supplies Depreciation expense- c. Depreciation - equipment Accumulated depreciation - Equipment Equipment Depreciation expense. Accumulated depreciation - Professional d. Depreciation - library Professional library library e. Training fees Training fees earned Unearned training fees f. Tuition Tuition fees eamed Accounts receivable g. Salaries Salaries expense Salaries payable h. Rent Rent expense Prepaid rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments (7,200) (400) $ (28,400) 0