Mint Cleaning Inc. prepared the following unadjusted trial balance at the end of its second year of operations, ending December 31 . To simplify this exercise, the amounts given in the unadjusted trial balance are in thousands of dollars. Other data not yet recorded at December 31 are as follows: a. Insurance expired during the year, $24. b. Depreciation expense for the year, $23. c. Wages payable, $26. d. Income tax expense, $28. Required: 1. Prepare the adjusting journal entries for the year ended December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in thousands of dollars.) 2. Using T-accounts, determine the adjusted balances in each account and prepare an adjusted trial balance as of December 31. (Enter your answers in thousands of dollars.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ MINT CLEANING INC. } \\ \hline \multicolumn{2}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{2}{|c|}{ December 31 } \\ \hline Account Titles & Debit & Credit \\ \hline Cash & & \\ \hline Accounts receivable & & \\ \hline Prepaid insurance & & \\ \hline Machinery & & \\ \hline Accumulated depreciation & & \\ \hline Accounts payable & & \\ \hline Wages payable & & \\ \hline Income tax payable & & \\ \hline Contributed capital & & \\ \hline Retained earnings & & \\ \hline Sales revenue & & \\ \hline Administrative expenses & & \\ \hline Wages expense & & \\ \hline Depreciation expense & & \\ \hline Insurance expense & & \\ \hline Income tax expense & \\ \hline Totals & & \\ \hline \end{tabular}