On July $1,2027,$ Cheyenne Co$.$ pays $$10,560$ to Oriole Insurance Co$.$ for a $2-$year insurance contract. Both companies have fiscal years

ending December $31.$ For Oriole Insurance Co$.,$ enter the July $1$ transaction and the December $31$ adjustment in the tabular summary

that follows. $($If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of

the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$