In each of the following transactions (a) through (C for Catena's Marketing Company. Indicate the effect of the adjusting entry on the elements of the balance sheet and income statement. Note: Reductions in account balances should be indicated with a minus sign. a. Collected $2000 rent for the perlod December 1 of the current year to April 1 of next year, which was credited to Unearned Rent Revenue on December 1 . b. Purchased a machine for $37,000 cash on January 1. The company estimates annual depreciation at $4,000. c. Pald $3,600 for a two-year insurance premium on July 1 of the current year; debited Prepald Insurance for that amount