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Problem C Hillside Apartments. Inc.. adjusts and closes its books each December 31. Assume th accounts for all prior years have been properly adjusted and closed. Following are some of tb company's account balances prior to adjustment on tom December 31: The Prepaid Insurance account balance represents the remaining cost of a four-year insurance policv dated 2011 June 30. having a total premium of USD 12,000. The physical inventory of the office supply stockroom indicates that the supplies on hand cost USD 3,000. The building was originally acquired on 1994 January I. at which time management estimated that he building would last 40 years and have a residual value of USD 15,000. Salaries earned since the last payday but unpaid at December 31 amount to USD 5,000. Interest earned but not collected on a savings account during the year amounts to USD 400. The Unearned Rent account arose through the prepayment of rent by a tenant in the building for 12 months beginning 2010 October 1. Prepare the annual year-end adjusting entries indicated by the additional data