Please answer the general journal, income statement, balance sheet, and impact on income.

GLO302 - Based on Problem 3-3A LO P1, P2, P3, P4, P5, P6 Sanchez Technical Institute (STI), a school owned by Carlos Sanchez, provides training to individuals who pay tuition directly to the school. STI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2018, is found on the trial balance tab. STI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31 follow. a. An analysis of STI's insurance policies shows that $2,700 of coverage has expired. b. An inventory count shows that teaching supplies costing $3,480 are available at year-end. c. Annual depreciation on the equipment is $5,000. d. Annual depreciation on the professional library is $9,400. e. On November 1, STI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,800, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. f. On October 15, STI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $9,000 of the tuition has been earned by STI. g. STI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $240 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. General General Income St Retained Impact on Requirement Trial Balance Balance Sheet Journal Ledger Statement Earnings income For transactions a-h, review the unadjusted balance and prepare the adjusting entry necessary to correctly report the revenue earned or the expense incurred. Each adjustment is posted automatically to the general ledger and trial balance as soon as you click "record entry". View transaction list Journal entry worksheet An analysis of STI's insurance policies shows that $2,700 of coverage has expired. Note: Enter debits before credits. Date Account Title Debit Credit Dec 31 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income Use the drop-downs to select the accounts properly included on the income statement. The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted Sanchez Technical Institute Income Statement For Year Ended December 31, 2019 Requirement General General Ledger Trial Balance Journal Income Statement St Retained Earnings Balance Sheet Impact on income Use the drop-downs to select the accounts properly included on the balance sheet. The unadjusted or adjusted balances will appear for each account, based on your selection. Include all balance sheet accounts, even those with zero balances. Unadjusted Sanchez Technical Institute Balance Sheet December 31, 2019 Assets Current assets Plant assets van ICL ICINIVOI HALILULO Trial Balance December 31, 2017 Account Title Debit Credit $ 71,850 8,850 10,800 3,600 47,000 18,800 50,000 10,000 32,000 14,000 Cash Teaching supplies Prepaid insurance Prepaid rent Professional library Accumulated depreciation - Professional library Equipment Accumulated depreciation - Equipment Accounts payable Unearned training fees Common stock Retained earnings Dividends Tuition fees earned Training fees earned Salaries expense Rent expense Advertising expense Utilities expense Total 12,000 82,000 51,200 133,000 44,500 50,600 39,600 6,150 6,650 $ 346,300 $ 346,300 class. At December 31, $9,000 of the tuition has been earned by STI. g. STI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $240 per day for each employee. h. The balance in the Prepaid Rent account represents rent for December. Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income The unadjusted or adjusted balances will appear for each account, based on your selection. Unadjusted Sanchez Technical Institute Statement of Retained Earnings For Year Ended December 31, 2019 Retained earnings, December 31, 2019 Add: Net income Less: Dividends Retained earnings, December 31, 2019 82,000 (51,200) 82,000 $ General Ledger Account Cash Teaching supplies Debit Credit No. Date Debit Credit No. Balance 71,850 Date Dec 31 Balance 8,850 Dec 31 Prepaid insurance Prepaid rent No. Date Debit Credit No. Date Debit Credit Balance Balance 10,800 Dec 31 Dec 31 3,600 Professional library Accumulated depreciation - Professional library No. Date Debit Credit No. Debit Credit Balance Balance 47,000 Date Dec 31 Dec 31 18,800 Equipment Accumulated depreciation - Equipment No. Date Debit Credit No. Date Debit Credit Balance 50,000 Balance 10,000 Dec 31 Dec 31 Accounts payable Unearned training fees No. Debit Credit No. Debit Credit Date Dec 31 Balance 32,000 Date Dec 31 Balance 14,000 Common stock Retained earnings Debit Credit No. Date Debit Credit Balance No. Date Balance Accounts payable Unearned training fees No. Date Debit Credit No. Debit Credit Balance Balance 32,000 Date Dec 31 Dec 31 14,000 Common stock Retained earnings Debit Credit No. Date Debit Credit No. Balance 12,000 Date Dec 31 Balance 82,000 Dec 31 Dividends Tuition fees earned No. Date Debit Credit No. Debit Credit Balance 51,200 Date Dec 31 Balance 133,000 Dec 31 Salaries expense Training fees earned Debit Credit No. No. Debit Credit Date Dec 31 Balance 44,500 Date Dec 31 Balance 50,600 Rent expense Advertising expense No. Debit Credit No. Date Debit Credit Date Dec 31 Balance 39,600 Balance 6,150 Dec 31 Utilities expense No. Date Debit Credit Balance 6,650 Dec 31 Requirement General Journal General Ledger Trial Balance Income Statement St Retained Earnings Balance Sheet Impact on income For each adjustment, indicate the income statement and balance sheet account affected, and the impact on net income. If an adjustment caused net income to decrease, enter the amount as a negative value. Net income before adjustments can be found on the income statement tab. (Hint: Select unadjusted on the drop-down.) Show less A Unadjusted Account affecting the: Income statement Balance Sheet Impact on net income Adjusting entry related to: a. Insurance b. Teaching supplies c. Depreciation - equipment d. Depreciation - library e. Training fees f. Tuition g. Salaries h. Rent Total impact on income due to adjustments Net income before adjustments Net income after adjustments