On July 1, 2022, Sandhill Co. pays $11.760 to Whispering Winds Corp. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Sandhill 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, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assess Cash Prepd. Ins. (11760) 11760 (5880) 1100 5880 (0885) (0889)