Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. 10 simplity the case, the amounts given are in thousands of dollars. UNADJUSTED Debit Credit 21 1B 13 80 14 Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (6,000 shares) Additional paid-in capital Retained earnings Revenues not detailed) Expenses (not detailed) Totals 6 60 12 92 28 172 172 Other data not yet recorded at December 31 include a. Insurance expired during the current year, $11. b. Wages payable, $12. c. Depreciation expense for the current year, $14. d. Income tax expense, $6. Required: 1. Prepare the adjusting entries for the current year, 2. Complete the trial balance Adjustments and Adjusted columns. The "Ref" column is for the reference letter of the adjusting entry effect. ence letter of the adjustin revenues and expenses enter the total amount of adjustments in the adjusted column. Enter your answers in thousands.) GREEN VALLEY COMPANY Trial Balance December 31, Current Year Unadjusted Adjustments Adjusted Account Titles Dobit Credit Ref. Dobit Credit Debit Credit Cash 21 21 Accounts receivable 18 18 Prepaid insurance 13 11 Machinery 80 80 Accumulated depreciation 14 14 Accounts payable 14 14 Wages payable 12 12 Income taxes payable Common stock 6 6 Additional paid in capital 60 60 Retained earnings 12 12 Revenues (not detailed) 92 Expenses (not detailed) Totals 28 172 172 0 37 131 106