Ive been stuck on these problems for hours. an brief explanation with the answers would be appreciated so much. thank you!

Required information [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. Account Names Cash Supplies Deferred Revenue Debit $32,500 720 Salaries and Wages payable Income Tax Payable Interest Payable Notes Payable (long-ters) Comon Stock Retained Earnings Service Revenue Salaries and Wages Expense Supplies Expense Interest Expense Credit Further Information AS reported on December 31 bank statement. Based on count, only $260 of supplies still exist. $ 4,160 of this amount, $3,600 was received for December lessons and $560 for January lessons. @ Employees were paid $1,600 for 10 days of work through December 28. They have not yet been paid for work on December 29 and 30. The company has paid last year's income tax but not this year's tax. The company has not paid the $100 of interest owed on its notes payable for the current period. 12,000 This one-year note was taken out this year on December 1. 1,000 This amount was contributed for common stock in prior years. 3,600 This is the balance reported at the end of last year. 52,160 Most customers pay cash for lessons each time they are provided, but some customers pay in advance. Employees worked through December 30, but did not work on December 31. This is the cost of supplies used through November 30, The company has not paid the $100 of interest owed on its notes payable for the current period. The company has an average tax rate of 30%. $72,920 36,700 3,000 Income Tax Expense Totals $72,920 Required: Required: 1. Prepare the (preliminary) unadjusted net income statement for the year ended December 31, 2018. GOLF ACADEMY, INC. Unadjusted Income Statement 0 0 2. Name the five pairs of balance sheet and income statement accounts that require adjustment and indicate the amount of adjustment for each pair Adj. Balance sheet account Related Income statement account Amount (1) (2) (3) (5) Journal entry worksheet 4