1 Required information [The following information applies to the questions displayed below] The following are transactions for the Sky Blue Corporation: Part 102 00424 a Collected $5,250 rent for the period October 1 to December 31, which was credited to Deferred Revenue on October 1 b. Paid $3,480 for a two-year insurance premium on October 1 and debited Prepaid Insurance for that amount c. Used a machine purchased on October 1 for $59,400. The company estimates annual depreciation of $5,940. lock Pet Required: For each of the above transactions for the Sky Blue Corporation, give the accounting equation effects of the adjustments required at the end of the month on October 31. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction b. Prepaid Insurance Accumulated Depreciation Assels Liablities Deferred Revenue Stockholders' Equity Rent Revenue Insurance Expense