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. The "Ref." column is for the reference letter of the adjusting entry effect. UNADJUSTED ADJUSTMENTS ADJUSTED Account Titles Debit Credit Ref. Debit Credit Debit Credit Cash 20 13 8 85 Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (4,000 shares) 11 67 Additional paid-in capital Retained earnings 6 82 Revenues not detailed) Expenses (not detailed) Totals 32 164 164 Other data not yet recorded at December 31 include a. Insurance expired during the current year, $6. b. Wages payable, $4. c. Depreciation expense for the current year, $9. d. Income tax expense, $7. Required: 1. Prepare the adjusting entries for the current year. 2. Complete the trial balance Adjustments and Adjusted columns