The spelling of the word "likam" can be explained using the International Phonetic Alphabet (IPA). The first sound is represented by the phoneme /l/, which is a voiced alveolar lateral approximant. The second sound is represented by the phoneme /ɪ/, which is a short, lax vowel sound. The third sound is represented by the phoneme /k/, which is a voiceless velar plosive. The final sound is represented by the phoneme /əm/, which is a syllabic consonant pronounced as a bilabial nasal. Therefore, the phonetic transcription for the word "likam" is /lɪkəm/.