entriesThe unadjusted trial balance of Martinez Inc, at the companys year end of December 31, follows: Credit $24,000 Martinez INC.Additional information and adjustment data: A 12-month insurance policy was purchased and was effective February 1, 2021. TheDebit Credit 2.750 Date Account Titles and Explanation Dec. Insurance Expense 31 Prepald Insurance (Insurance expense recordeCost of Goods Sold 2,100 Inventory 2,100 (Cost of goods sold recorded) Income tax expense 31 460 Income Tax Payable 460 (IncoCash Accounts Receivable Inventory Supplies Prepaid Insurance Land Land Building Accumulated Depreciation-Buildings Equipment Accumulated Depreciation-Equipment Accounts Payable Accounts Payable Deferred Revenue Salaries Payable Interest Payable Income Tax Payable Bank Loan Payable Common Shares Retained Earnings Dividends Declared Sales Cost of Goods Sold Salaries Expense Depreciation Expense Utilities Expense Insurance Expense Supplies Expense Interest Expense Interest Expense Income Tax Expense