North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Credit Debit $11,000 5,000 2,200 20,000 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 $ 1,200 1,200 0 23,800 1,100 46,400 24,000 11,500 0 $73,700 $73,700 Other data not yet recorded at December 31: a. Rent expired during the year, $1,100. b. Depreciation expense for the year, $1,200. c. Utilities used and unpaid, $8,000. d. Income tax expense, $290. Prepaid Rent 5,000 Rent Expense 2,200 Beg. Bal. Beg. Bal. 1,100(a) End. Bal. 3,900 End. Bal. 2,200 Accumulated Depreciation Depreciation Expense Beg. Bal. Beg. Bal. 1,200 [(b) End. Bal. 1,200 End. Bal. 0 Accounts Payable Utilities Expense 11,500 Beg. Bal. Beg. Bal. (b) 8,000 End. Bal. End. Bal. 19,500 Income Tax Payable Income Tax Expense Beg. Bal. Beg. Bal. (d) 290 End. Bal. End. Bal. 290