Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balance was $80,000 on December 31 of the prior year. 3-a. Prepare Wells Technicol Institute's income statement for the year. 3-b. Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balance was $80,000 on December 31 of the prior yoar. 3-c. Propare Welis Tectinicat institutes balance sheet as of December 31. Complete this question by entering your ankwers in the tabs below. Prepare Welis Technical Institute's income statement for the year. Complete this question by entering your answers in the tabs below. Prepare Welis Technical Institute's balance sheet as of December 31. Note: Include all balance sheet accounts, even those with zero balances. 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 avallable 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 training 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 training courses on September 1, and WTI credited Unearned Revenue. f. On October 15. WTI agreed to teach a four-month class (beginning immediately) for an executive with paymenffue at the end of the class. At December 31,$7,500 of the tuition revenue has been earned by WTL. 9. 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. Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balance was $80,000 on December 31 of the prior year. 3-a. Prepare Wells Technicol Institute's income statement for the year. 3-b. Prepare Wells Technical Institute's statement of retained earnings for the year. The Retained Earnings account balance was $80,000 on December 31 of the prior yoar. 3-c. Propare Welis Tectinicat institutes balance sheet as of December 31. Complete this question by entering your ankwers in the tabs below. Prepare Welis Technical Institute's income statement for the year. Complete this question by entering your answers in the tabs below. Prepare Welis Technical Institute's balance sheet as of December 31. Note: Include all balance sheet accounts, even those with zero balances. 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 avallable 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 training 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 training courses on September 1, and WTI credited Unearned Revenue. f. On October 15. WTI agreed to teach a four-month class (beginning immediately) for an executive with paymenffue at the end of the class. At December 31,$7,500 of the tuition revenue has been earned by WTL. 9. 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