Required information [The following information applies to the questions displayed below.] Learn to Play, Incorporated, is a one-person company that provides private piano lessons. Its unadjusted trial balance at December 31, 2021, follows, along with information about selected accounts. Account Names Cash Supplies Deferred Revenue Salaries and Wages Payable Income Tax Payable Interest Payable Notes Payable Common Stock Retained Earnings Credit Debit $ 23,800 300 $ 1,500 0 0 0 12,000 1,000 3,000 25,500 Service Revenue Salaries and Wages Expense Supplies Expense 18,100 800 Interest Expense 0 Income Tax Expense 0 Totals $ 43,000 $ 43,000 Further Information As reported on December 31 bank statement. Based on count, only $200 of supplies still exist. of this amount, $500 was received for December lessons and $1,000 for January lessons. The employee was paid $500 for 10 days of work through December 29. She has not yet been paid for work on December 30 and 31. The company has paid last year's income tax but not this year's taxes. The company has not paid the $100 of interest owed on its notes payable for the current period. This one-year note was taken out this year on December 1. This amount was contributed for common stock in prior years. This is the balance reported at the end of last year. Most customers pay cash for lessons each time they are provided, but some customers pay in advance. The company's employee worked through December 31. This is the cost of supplies used through November 30. The company has not paid the $100 of interest owed on its notes payable for the current period. The company has an average tax rate of 30%.