3. Prepare the adjusting journal entries for the Presto Company for December 31, 2014, its fiscal year end. The chart of accounts includes Cash, Equipment, Elephant Cages, Printer and Copier Supplies, Printer and Copier Expense, Bank Loan Payable, Interest Payable, Interest Expense, Depreciation Expense, Accumulated Depreciation - Elephant Cages, Wages Expense, Wages Payable, Prepaid Insurance Expense, Insurance Expense. a. The Printer and Copier Supplies asset account had a $4,240 debit balance at the start of the year. Purchases of these supplies totaled $14,320 during the year. On December 31, 2014, a physical count of the supplies remaining in the closet revealed an ending balance of $5,610. b. The Presto Company took out a loan on January 1, 2014 for $100,000. The loan carried an annual interest rate of 8.4%. No payments had been made on the principle nor the interest during 2014. c. The depreciation expense for the Elephant Cages (a long term asset) was $14,000 in 2014. d. The Presto Company pays its animal trainers a total of $7,600 per 5-day week every Friday at the close of business. December 31, 2014 was a Wednesday. e. Prepaid Insurance Expense had a debit balance of $120,000 at the beginning of the year. At the end of the year it was discovered that $84,000 had expired