what is wrong with this? help please

Answer is not complete.

January 1, 2e24 December 31, 2024 Accounts receivable $ 65,e $ 58,ee prepaid insurance prepaid rent Deferred service revenue Accrued liabilities (for various expenses) 4, soe 9, see 9, s 12, 500 6, 7, see 11,200 15,700 In addition, 2024 depreciation expense on office equipment is $23,500_ Required' Petermjne accrual basis net income for 2024) Answer is not complete. Cash basis income Add: Increase in prepaid insurance Decrease in accounts receivable Decrease in prepaid rent Deduct: Increase in deferred service revenue Increase in accrued liabilities Depreciation expense s 145,000 e (7,000) (1,700) e (1,700) e (3,200) e 23,500 118,900