Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31 . To simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at December 31 include a. Insurance expired during the current year, \$2. b. Wages payable, $3. c. Depreciation expense for the current year, $5. d. Income tax expense, \$6. Required: 2. Using the adjusted balances, prepare the closing entry for the current year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands. Journal entry worksheet Note: Enter debits before credits