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 $ 56 27 9 140 $ 14 27 Account Titles Cash Accounts receivable Prepaid insurance Machinery (20-year life, no residual value) Accumulated depreciation Accounts payable Wages payable Income taxes payable Contributed capital (7,000 shares) Retained earnings (deficit) Revenues not detailed) Expenses (not detailed) Totals 119 7 129 50 $289 $289 a. Insurance expired during the year, $7. b. Depreciation expense for the year, $7. C. Wages payable, $10. d. Income tax expense, $27. 3 3. Complete the trial balance adjustments and adjusted columns (For revenues and expensesenter the total amount of adjustments in the adjustment column. Enter your answers in thousands of dollars. Answer is not complete. CAYUGA LTD. Trid Balance Ak wir 31 in thousands of dollar) Unadjusted Adjustments Adjusted Debit Credit Debit Cred cbt Debt Credit 5 56 27 9 100 Account Tides Cash ciate PERCHE ICH Mochwy Accumulates depreciation Accounts payable Wapes payable Income taxes payable 14 27 119 7 129 Rwandaning Revenues not detailed Lxpenses inot detailed Tocals $ 280 . 0 0 4-a. Using the adjusted balances, prepare a statement of eamings. (Enter your answers in thousands of dollars. Round "Eamings per share' to 2 decimal places.) CAYUGA LTO, Sunal Furming For the Your Ended December 31 (In thousands of dollars, cept for Earnings per Share Emmings per share 4.6. Using the adjusted balances, prepare a statement of changes in equity. (Enter your answers in thousands of dollars. Negative answers should be indicated by minus sign.) Answer is not complete. CAYUGA LIU Statement of Retained Lamings For the Year Ended December 31 in thousands of dollars) RW 1 Dalance. Dccomber 31