On July 1,2027 , Swifty Co. pays $14,640 to Wildhorse Insurance Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Wildhorse Insurance Co., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Accumulated Depreciation require a negative sign or parentheses