PART 2 (5 marks) Roadside Travel Court was organized on July 1, 2016, by Betty Johnson. 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, 2017. ROADSIDE TRAVEL COURT Income Statement For the Quarter Ended June 30, 2017 Revenues $212,000 Rent revenue Operating expenses Advertising expense $3,800 Salaries and wages expense 80,500 Unlities expense 900 Depreciation expense 2,700 Maintenance and repairs expense 4,300 Total operating expenses 92,200 Net income $119,800 Betty suspected that something was wrong with the statement because net income had never exceeded $30,000 in any one 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.