Travel Court Ltd. was opened on July 1, 2023, by Betty Johnson. Betty is a good manager but a poor accountant. From the trial balance prepared by a part-time bookkeeper, Betty prepared the following statement of income for her fourth quarter, which ended June 30, 2024.ROADSIDE TRAVEL COURT LTD.Statement of IncomeQuarter Ended June 30, 2024Rent income$212,000ExpensesSalaries expense$80,500Repairs and maintenance expense4,300Advertising expense3,800Depreciation expense2,700Utilities expense90092,200Net income$119,800Betty suspected that something was wrong with the statement because net income had never exceeded $35,000 in any one quarter. Knowing that you are an experienced accountant, she asks you to review the statement of income and other data.You first