A review of the ledger of Ivanhoe Company at December 31, 2022, produces the following data pertaining to the preparation of annual adjusting entries. 1. Prepaid insurance $10,672. The company has separate insurance policies on its buildings and its motor vehicles. Policy B45 on the building was purchased on April 1, 2021, for $8,496. The policy has a term of 3 years. Policy A29 on the vehicles was purchased on January 1,2022 , for $4,300. This policy has a term of 2 years. 2. Supplies $54,500. The company performs a count of supplies on December 31 . This count revealed that $25,200 of supplies were on hand. 3. Salaries and Wages Payable $0. There are 8 employees. Wages are paid every Friday for the current week. 4 employees receive a wage of $700 each per week, and 4 employees earn $500 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December. Prepare the adjusting entries at December 31,2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the adjusting entries at December 31,2022 . (Credit account titles are automatically indented when the amount is entered, Do not indent manually.)