Problem 4-6 Ayayal Travel Court was organized on July 1, 2016, by Betty Johnson. Betty is a good manager but a poor accountant. From the unadjusted tabular summary, Betty prepared the following income statement for her fourth quarter, which ended June 30, 2017. Revenues Rent revenue Ayayal Travel Court Income Statement For the Quarter Ended June 30, 2017 $210,400 Operating expenses Advertising expense $ 4,220 Salaries and wages expense 84,420 Utilities expense 960 Depreciation expense 2,860 Maintenance and repairs expense 4,085 96,545 $113,855 Total operating expenses Net income 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 tabular summary. In addition to the account balances reported above in the income statement, it contains the following additional selected balances at June 30. 2017. Supplies Prepaid Insurance $8,745 14,400