Following are two income statements for alexis co. for the year ended december 31. the left column is prepared before any adjusting entries are recorded, and the right column includes the effects of adjusting entries. the company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts. alexis co. income statementsfor year ended december 31unadjusted adjustedrevenues fees earned $ 18,000 $25,000 commissions earned 36,500 36,500 total revenues $ 54,500 61,500 expenses depreciation expense—computers 0 1,600 depreciation expense—office furniture 0 1,850 salaries expense 13,500 15,750 insurance expense 0 1,400 rent expense 3,800 3,800 office supplies expense 0 580 advertising expense 2,500 2,500 utilities expense 1,245 1,335 total expenses 21,045 28,815 net income $ 33,455 $ 32,685 analyze the statements and prepare the eight adjusting entries that likely were recorded. (note: 30% of the $7,000 adjustment for fees earned has been earned but not billed, and the other 70% has been earned by performing services that were paid for in advance.)dec 31accounts receivable dr 2,100fees earned cr 2,100dec 31unearned fees dr 4,900fees earned cr 4,900dec 31depreciation expense-computers dr 1,600accumulated depreciated-computers cr 1,600dec 31depreciation expense-office furniture dr 1,850accumulated depreciation-office furniture cr 1,850dec 31salaries expense dr 2,250salaries payable cr 2,250dec 31insurance expense dr 1,400prepaid insurance cr 1,400dec 31office supplies expense dr 580office supplies cr 580dec 31utilities expense dr 90utilities payable cr 90