Problem: Module 1 Textbook Problem 10 Learning Objectives: - 1-10 Show how accounting for prepaid items affects financial statements - 1-11 Show how accounting for unearned revenues affects financial statements On September 1, Year 2, Stokes Company paid Eastport Rentals $32,000 for a 12 -month lease on warehouse space. Required a. Record the deferral and the related December 31, Year 2, adjustment for Stokes Company in the accounting equation. b. Record the deferral and the related December 31, Year 2, adjustment for Eastport Rentals in the accounting equation. Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Record the deferral and the related December 31, Year 2, adjustment for Stokes Company in the accounting equation. (Do not round intermediate calculations and round your final answers to nearest whole dollar. Enter any decreases to account balances with a minus sign.) Complete this question by entering your answers in the tabs below. Record the deferral and the related December 31, Year 2, adjustment for Eastport Rentals in the accounting equa round intermediate calculations and round your final answers to nearest whole dollar. Enter any decreases to acco with a minus sign.)