Prepare adjusting entries for the following: 1. On December 1, 2020, Burt Hub had signed and recorded a 5.4% bank loan for the amount of $350,000 due in 3 years. This is the only outstanding note payable. 2. Prepaid insurance in the amount of $60,000 represents a 6-month insurance policy purchased on December 1, 2020. 3. Utility costs incurred but unrecorded for the month of December were estimated to be $5,000. 4. Accrued wages totaling $60,000 were unpaid and unrecorded at December 31, 2020. 5. Unearned revenue of $24,000 represents a 12-month contract for consulting services that will be performed monthly. The payment from the customer was received and recorded on December 1, 2020