2. Three transactions are given below that were completed during 2021 by Sunshine Corporation. Sunshine Corporation is an IT firm that sells software on a subscription basis. You are to provide the adjusting entries required for Sunshine Company on December 31, 2021. You do not need to record the initial entries, if any, that would have already been made before the end of the year. ( 3 points each) a) On April 1, 2021, the company purchased a 36-month $18,000 insurance policy which it paid for in case right away. The April 1 transaction was recorded as an $18,000 debit to prepaid insurance expense and a $18,000 credit to cash. b) On July 1, 2021, the firm sold $50,000 of software licenses which entitle users to use the product for 24 months. The software licenses were paid for in cash right away. The July 1 transaction was recorded as a $50,000 debit to cash and a $50,000 credit to unearned revenue. c) On November 1, the company entered into a contract to provide software to a local grocery chain, Fruits Limited. The software states that Sunshine Corporation will immediately deliver the software to Fruits Limited (starting November 1) and will continue to make the software available to the grocery chain for a fee of $15,000 per month. Fruits Limited will pay for the software quarterly with the first payment to be made on January 31, 2022