The following information applies to the questions displayed Learn to Play, Incorporated, is a one-person company that provides private plano lessons. Its unadjusted trial balance at December 31, 2021, follows, along with information about selected accounts. Credit Account Names Cash Supplies Deferred Revenue Debit $ 24,500 370 $ 1,570 Salaries and Wagen Payable 0 Income Tax Payable 0 Interest Payable Notes Payable 12,600 Purther Information As reported on December 31 bank statement. Based on count, only $235 of supplies still exist. of this amount, $570 was received for December lessons and $1,000 for January lessons. The employee was paid $600 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 $105 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 mach 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 $105 of interest owed on its notex payable for the current period. The company has an average tax rate of 200. Common Stock 1,100 Retained Earnings 3,700 Service Revenue 25,570 Salaries and Wages Expense Supplies Expense 18,800 870 0 Interest Expense Income Tax Expense Totals $ 44,540 $ 44,540 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair. Adjustment 1. Answer is complete but not entirely correct. Balance Sheet Account Related Income Statement Account Supplies Supplies Expense Deferred Revenue Service Revenue Salaries and Wages Payable Salaries and Wages Expense Income Tax Payable Income Tax Expense Interest Payable Interest Expense Amount ls 135 570 120 1,180 105 2 OOOOO 3 4. 6 View transaction list Journal entry worksheet 2 3 5 Record the adjusting entry for supplies. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Reg 4A Reg 4B Prepare the final income statement for the company for the year ended December 31, 2021. LEARN TO PLAY, INCORPORATED Income Statement