Required information {The following information applies to the questions displayed below.) Learn to Play, Inc. is a one-person company that provides private plano lessons. Its unadjusted trial balance at December 31. 2018, follows, along with information about selected accounts. Account Nantes Debit Credit further Information Cash $24,300 As reported on December 31 bank statement. Supplies 350 Based on count, only $225 of Supplies still exist. Deferred Revenue $1,550 of this amount, $558 was received for December lessons and 51,880 for January lessons. Salaries and Wages Payable B The employee was paid $788 for 18 days of work through December 29. She has not yet been paid for work on December 38 and 31. Income Tax Payable B The company has paid last year's income tax but not this year's taxes. Interest Payable B The company has not paid the $125 of interest owed on its notes payable for the current period. Notes Payable 15,888 This one-year note was taken out this year on December 1. Common Stock 1,289 This amount was contributed for common stock in prior years. Retained Earnings 3.500 This is the balance reported at the end of last year. Service Revenue 22,850 Most customer's pay cash for lessons each time they are provided, but some customers pay in advance. Salaries and Wages Expense 18,680 The company's employee worked through December 31. Supplies Expense 850 This is the cost of supplies used through November 30. Interest Expense The company has not paid the $125 of Interest owed on its notes payable for the current period. Income Tax Expense The company has an average tax rate of 30%. Totals $44,100 $44,100 3 3. Prepare the adjusting journal entries that are required at December 31, 2018. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Complete this question by entering your answers in the tabs below. Req 4A Req 43 Prepare the final income statement for the company as of the year ended December 31, 2018. LEARN TO PLAY, INC. Income Statement For the Year Ended December 31, 2018 Revenues Service Revenue $ 22.850 22,850 Expenses Salaries and Wages Expense Income Tax Expense Interest Expense Supplies Expense Income Tax Expense Complete this question by entering your answers in the tabs below. Req 4A Req 4B By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Net Income by Req 4A Reque