Wells Technical Institute (WT), a school owned by Tistana Wels, provides training to indivaduals who pay tution directly to the school WTI also offers training to groups in off site locations, WT initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of ems a through h that require adjusting entries on December 31 Additional Information hems 8. An analysis of WTT's insurance policies shows that $4.129 of coverage has expired b. An inventory count shows that teaching supplies costing $3.578 are available at year end Annual depreciation on the equipment is $16.515 d. Annual depreciation on the professional brary is $8.258 On September 1, WTI agreed to do five courses for a client for $3,000 each Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees t On October 15, WTI agreed to teach a four month class beginning immediately) for an executive with payment due at the end of the class. At December 31, $12.800 of the bubon has been earned by WTI WT two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee h. The balance in the Prepaid Rent account represents rent for December WELLS TEORICAL MSTITUTE Unadjusted trial Decoder 31 Cash Accounts recel Teaching supplies Prepaid Insurance- Professional library Accumulated depreciation-frofessional library Equipment Accumulated depreciation-top Accts payable Con stack. Retained earnings Tuition fees are Training fees and Teaching suppli Advertising expense Utilities expense Totals Credit 10,2 10.382 35,7 3-6 Prepare Wells Technical Institute's income statement for the year 3-b. Prepare Wells Technical institute's statement of retained eamings for the year. The Retained Earnings account balance was $76,000 on December 31 of the prior year 3. Prepare Wells Technical Institute's balance sheet as of December 3 Complete this question by entering your answers in the tabs below. P3 I Propane Wedical Inte's balance sheet of December 31 Indude a balance sheet accounts, went with