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Required information E4-14 (Algo) Reporting an Adjusted Income Statement [LO 4-2, LO 4-4, LO 4-6) (The following information applies to the questions displayed below) Dyer, Incorporated, completed its first year of operations on December 31, 2021. Because this is the end of the annual accounting period, the company bookkeeper prepared the following preliminary income statement Income Statement, 2021 Rent Revenue $117,500 Expondoni salaries and Wages Expense $29,200 Repairs and Maintenance Expense 13,700 Rent Expense 9,700 Utilities Expense 4,700 Travel Expenso 3,700 Total Expenses 61,000 Income $ 56,500 You are an independent CPA hired by the company to audit the firm's accounting systems and financial statements. In your audit, you developed additional data as follows: a. Wages for the last three days of December amounting to $380 were not recorded or paid. b. The $470 telephone bill for December 2021 has not been recorded or paid. c. Depreciation of equipment amounting to $23,700 for 2021 was not recorded. d. Interest of $570 was not recorded on the notes payable by Dyer, Incorporated. e. The Rental Revenue account includes $4,700 of revenue to be eamed in January 2022. 1. Supplies costing $670 were used during 2021, but this has not yet been recorded. g. The income tax expense for 2021 is $7,700, but it won't actually be paid until 2022. 2. Prepare, in proper form, an adjusted income statement for 2021. DYER, INCORPORATED Income Statement For the Year Ended December 31, 2021 Revenues > Rent Revenue $ 112,800 112,800 $ Total Revenues Expenses Salaries and Wages Expense Repairs and Maintenance Expense Rent Expense Utilities Expense Travel Expense Software Depreciation Expense Interest Expense Supplies Expense 29,580 13,700 9,700 4,700 X 3,700 470 X x 23,700 570 670 Total Expenses 86,790 Net Income $ 18,310 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted