A review of the unadjusted balances for Crane Company at December 31, 2017. produces these data pertaining to the preparation of annual adjustments 1. Prepaid Insurance $20.275. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2016, for $12.450. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2017, for $9.900. This policy has a term of 18 months. 2. Unearned Rent Revenue $536,280. The company began subleasing office space in its new building on November 1. At December 31. the company had the following rental contracts that are paid in full for the entire term of the lease. Date Nov. 1 Dec. 1 Term Number of (in months) MonthlyRent Leases $5.120 7 $8.380 3. Notes Payable $41,600. This balance consists of a note for 6 months at an annual interest rate of 7%. dated October 1. 4. Salaries and Wages Payable $0. There are 8 salaried employees. Salaries are paid every Friday for the current week. 5 employees receive a salary of $615 each per week, and 3 employees earn $760 each per week. Assume December 31 is a Wednesday. Employees do not work weekends. All employees worked the last 3 days of December Record adjustments at December 31, 2017, for items 1 through 4 by completing the following tabular summary with selected unadjusted balances. Include an explanation for each adjustment to revenue or expense. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Unearn. Rent Prepaid Insurance - Rev. 536,280 Liabilities Sal/Wag. Notes Pay + Pay. 41,600 + Stockholders' Equity Com. Retained Earnings Int. pay + Stock + Rev. Exp. - Div Assets Liabilities Unearn. Rent Rev. 536,280 Sal./Wag. Pay. Prepaid Insurance 10.275 Notes Pay. 41.600 Unadj. Bal. Adj. 1 Adj. 2 Adj. 3 Adj. 4 Com. Stock Stockholders' Equity Retained Earnings Rev. Exp. Int. pay Div Stockholders' Equity Retained Earnings Com. Stock Rev