Mystic Masters, Inc., provides fortune$-$telling services over the Internet. In recent years the company has experienced severe financial difficulty. Its accountant prepares adjusting entries on a monthly basis, and closing entries on an annual basis, at December $31.$ An adjusted trial balance dated December $31,$ current year, follows.

$\backslash$table$[[\backslash$table$[[$MYSTIC MASTERS, INC.$],[$Adjusted Trial Balance$],[$December $31,$ Current Year$]],$Debits,Credits$],[$Cash$,960,],[$Accounts receivable,$300,],[$Unexpired insurance,$2,000,],[$Prepaid rent,$1,500,],[$Supplies$,200,],[$Furniture and fixtures,$8,408,],[$Accumulated depreciation: furniture and fixtures,$1,$$$5,200$