[The following information,applies to the questions displayed below Golf Academy, Inc., provides private golf lessons. Its unadjusted trial balance at December 31, 2018, follows, along with information about selected accounts. Debit $32, 600 740 Cash As reported on December 31 bank statement Baeed on count only $270 o raceivedDecembor leson Supplies Deferred Revenue s 3,070 Of this amount, $2.500 as received for December lessons and $570 for January lessons. Salaries and Wages payable 0 Employees were paid $1,700 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30 Income Tax Payable Interest Payable Notes Payable (long-term) last year's income tax but not year's tax 0 The company has not paid the $105 of interest owed on its tes payable for the current period. 12,600 This one-year note was taken out this year on December 1 Common Stock 1,000 Thie anount was contributed for common stock in prion years Retained Earnings 00 Thie s the balance reported at, the end of last year. Service Revenue Salaries and Wages Expense Supplies Expense 52,B70 Most customers pay cash for lessons each time they are provided, but sone customers pay in advance. Employees worked through December 30, but did not work orn 36,800 3,100 This is the cost of supplies used through November 30. The company has not paid the $105 of interest oved on its notes payable for the current period. Interest Expense Income Tax Expense -_- -.................- The company has an average tax rate of 20% $73,240 $73.240 Totals