Cayuga Ltd. prepared the following trial balance at the end of its first year of operations ended December 31. To simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at December 31 are as follows: Unadjusted Debit Credit Account Titles Cash Accounts receivable. Prepaid insurance Machinery (20-year life, no residual value) Accumulated depreciation $ 39 10 Accounts payable Wages payable Income taxes payable Contributed capital (5,000 shares) Retained earnings (deficit) Revenues (not detailed) Expenses (not detailed) Totals a. Insurance expired during the year, $5. b. Depreciation expense for the year, $5. c. Wages payable, $9. d. Income tax expense, $10. 7 100 $ 10 10. 85 33 $194 $194 2. Show the effects of the adjusting entries on net earnings and cash. (Enter your answers in thousands of dollars. Select "None" if there is no effect.) Transaction Effect on Net Earnings Effect on Cash B by b. by C. by d. by