North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable. Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and wages Expense Utilities Expense Rent Expense Depreciation Expense Income Tax Expense Totals Other data not yet recorded at December 31: a. Rent expired during the year, $1,250. b. Depreciation expense for the year, $1,050. c. Utilities used and unpaid, $9,500. d. Income tax expense, $440. Debit $ 12,500 Credit 6,500 2,500 21,500 $1,050 1,050 25,300 2,600 51,500 25,500 13,000) 0 0 0 $ 81,500 $ 81,500 1 Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' 9