2. During an audit of year 2020, the auditors discovered that expenses related to utilities were paid on cash basis. Cash payments during 2020 for utilities totaled $40,000. Some of these expenses, namely, $3,000, had invoices dated in December of 2019. Also, expenses incurred in December of 2020, totaling $2,500, were not paid during 2020 and not included in 2020 expenses. Therefore, accrued expenses at December 31, 2019 and December 31,2020 were determined as follows Utilities 12/31/2019 12/31/2020 3,000 $2,500 Make the adjusting entry based upon full accrual