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. UNADJUSTED Account Titles Debit Credit Cash 18 Accounts receivable 15 Prepaid insurance 10 Machinery 77 Accumulated depreciation Accounts payable 11 Wages payable Income taxes payable Common stock (8,000 shares) 8 Additional paid-in capital 57 Retained earnings 9 Revenues (not detailed) 78 Expenses (not detailed) 25 Totals 154 154 Other data not yet recorded at December 31 include Insurance expired during the current year, $6. Wages payable, $9. Depreciation expense for the current year, $11. Income tax expense, $12. Required: Prepare the adjusting entries for the current year. Complete the trial balance Adjustments and Adjusted columns. The Reference column is for the reference letter of the adjusting entry effect.