[The following information applies to the questions displayed below.) Learn to Play, Inc., is a one-person company that provides private piano lessons. Its unadjusted trial balance at December 31, 2018, follows, along with information about selected accounts. Account Names Cash Debit $24,300 Supplies 350 Deferred Revenue Salaries and Wages Payable Income Tax Payable Interest Payable Notes Payable Credit Further Information As reported on December 31 bank statement. Based on count, only $225 of supplies still exist. $ 1,550 of this amount, $550 was received for December lessons and $1,000 for January lessons. 0 The employee was paid $700 for 10 days of work through December 29. She has not yet been paid for work on December 30 and 31. 0 The company has paid last year's income tax but not this year's taxes. 0 The company has not paid the $125 of interest owed on its notes payable for the current period. 15,000 This one-year note was taken out this year on December 1. 1,200 This amount was contributed for common stock in prior years. 3,500 This is the balance reported at the end of last year. 22,850 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 $125 of interest owed on its notes payable for the current period. The company has an average tax rate of 30%. $44,100 Common Stock Retained Earnings Service Revenue 18,600 Salaries and Wages Expense Supplies Expense 850 Interest Expense 0 Income Tax Expense 0 Totals $44,100 . 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.) View transaction list View journal entry worksheet Credit No 1 Debit 225 Transaction General Journal a Supplies No Journal Entry Required Deferred Revenue 2 b 1,550 Cash Deferred Revenue 1,550 3 C 700 Salaries and Wages Expense Salaries and Wages Payable 0 4 d 15,000 Cash Notes Payable (short-term) 15,000 5 e Common Stock Retained Earnings 1,200 3,500 4-a. Prepare the final income statement for the company as of the year ended December 31, 2018. 4-b. By what dollar amount did the adjustments in requirement (3) cause net income to increase or decrease? Complete this question by entering your answers in the tabs below. Req 4A Req 4B Prepare the final income statement for the company as of the year ended December 31, 2018. LEARN TO PLAY, INC. Income Statement 0 0 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 i