Brokeback Towing Company is at the end of its accounting year, December 31, 2021. The following data that must be considered were developed from the company's records and related documents On July 1, 2021, a two-year Insurance premium on equipment in the amount or 5740 was paid and debited in full to Prepaid Insurance on that date Coverage began on July 1 At the end of 2021, the unadjusted balance in the Supplies account was $1,140 A physical count of supplies on December 31, 2021, indicated supplies costing $370 were still on hand con December 31 2021, YY's Garage completed repairs on one of Brokeback's trucks at a cost of $870. The amount is not yet a on December 31, 2021, the company completed a contract for an out-of-state company for $8,020 payable by the customer within e On July 1 2021, the company purchased a new hauling van Depreciation for July-December 2021, estimated to total $2,820, nas not been recorded As of December 31, the company owes interest of $570 on a bank loan taken out on October 1, 2021 The interest will be paid when the loan is repaid on September 30, 2022 No interest has been recorded yet Assume the income after the preceding adjustments but before income taxes was $37000. The company's federal income tax rate Is 20% Compute and record income tax expense Required: Indicate the accounting equation effects (amount and direction of each adjusting journal entry Provide an appropriate account name for any revenue and expense effects (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction Assets (185) (770) 070 8,020 (2.20) 0 Answer is complete but not entirely correct. Liabilities Stockholders' Equity 0 Insurance Expense 01. Supplies Expense 0. Service Revenue 0- Service Revenue 0. Depreciation Expense 570 - interest Expense 7.400 Income Tax Expense d OOOOOOO (185) (770) 870 0.020 02.820) (570) (400) e g