t. HTI also collected $320 cash from a high school for a tutoring session to be held in Octobet. g. HII determined that depreclation for September should be $170. 12. Although HT adjusted its accounts on August 31, it has not yet paid the $47 monthly interest owed on the promissory note, for either August or September. The note is due in three years. 1. HTI has only $47 of supplies left at September 30 . f. HTi's income taxes are approximately 30% of income before tax. C4-5 (Algo) Part 2 Required: 2-a. Prepare HTI's income statement for the month ended September 30. 2-b. Prepare HII's statement of retained earnings for the month ended September 30 . Complete this question by entering your answers in the tabs below. Prepare HII's income statement for the month ended September 30. Complete this question by entering your answers in the tabs be Prepare HTI's statement of retained earnings for the month ended Sept C4-5 (Algo) From Recording Transactions to Preparing Accrual and Deferral Adjustments and Reporting Results on the Balance Sheet and Income Statement (Chopters 2, 3, and 4) [LO 2-2, LO 2-3, LO 3-3, LO 4 2, [O 4-4] [The following information applies to the questions displayed below] House of Tutors, Incorporated (HTI), is a company that runs a tutoring service for high school and university students. The company reported the following amounts in its post-closing trial balance, prepared at the end of its first fiscal year, at August 31 The company encountered the following events during September: a. HII provided 100 hours of regular hourly tutoring at the rate of $22 per hour, all of which was collected in cash. b. HII paid tutors at the houtly rate of $11 per hour. On September 28 . HTI paid for 90 hours of tutor time and promised to pay the remaining hours worked. Tip: The total hours of expense in b, should match the totat hours of revenue in a. c. HTi hosted an all-night review session on September 29 for people cramming for midterm exams, at a special price of $10 per attendee. Rather than coliect cash at the time of the review session, HTI will send bills in October to the 82 people who attended the review session. d. At the beginning of the night-long review session, HII paid \$270 cash to its tutors for wages. No additional salarles and wages will be paid for the review session. e. HTI collected \$270 cash on account from students who recelved tutoring durina the summer. Prepare HTI's income statement for the month ended September 30