Gordon Company started operations on January 1 of the current year. It is now December 31, the end of the current annual accounting period. The part-time bookkeeper needs your help to analyze the following three transactions: a. During the year, the company purchased office supplies that cost $4,300. At the end of the year, office supplies of $1,170 remained on hand. b. On January 1 of the current year, the company purchased a special machine for cash at a cost of $33,500. The machine's cost is estimated to depreciate at $3,350 per year. c. On July 1, the company paid cash of $1,880 for a two-year premium on an insurance policy on the machine; coverage began on July 1 of the current year. Required: Complete the following schedules with the amounts that should be reported for the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the following schedule for Balance sheet at December 31 with the amounts that should be reported for the current year. Note: Amounts to be deducted should be indicated by a minus sign. Selected Balance Sheet Accounts at December 31 Amount to be Reported Assets Equipment Accumulated depreciation Net book value of equipment Office supplies Prepaid insurance < Required 1 Required 2 >