Please use the adjusted balances, give the closing entry for current year. (Enter your answers in thousands.)

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Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars UNADJUSTED 25 17 Account Titles Debit Credit Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (4,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed) Expenses (not detailed) 84 18 64 16 32 196 Totals 196 Other data not yet recorded at December 31 include: a. Insurance expired during current year, $13 b. Wages payable, $16 C. Depreciation expense for current year, $18 d. Income tax expense, $10 Required: 2. Using the adjusted balances, give the closing entry for current year. (Enter your answers in thousands.) Journal entry worksheet Record the closing entry for current year. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal