Required information [The following information applies to the questions displayed below.] North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31. Account Titles Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Common Stock Retained Earnings Sales Revenue Salaries and Wages Expense Utilities Expense Rent Expense Depreciation Expense Income Tax Expense Totals Other data not yet recorded at December 31: a. Rent expired during the year, $1,220. b. Depreciation expense for the year, $1,020. c. Utilities used and unpaid, $9,200. d. Income tax expense, $410. Debit $ 12,200 Credit 6,200 2,440 21,200 25,200 12,700 $ 1,020 1,020 0 25,000 2,300 50,600 0 0 0 $ 79,940 $ 79,940 Required: 1. Indicate the accounting equation effects of each required adjustment. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction Assets a. Prepaid Rent b. Accumulated Depreciation C. d. 1,020 = Utilities Expense Income Tax Payable Liabilities Stockholders' Equity + Rent Expense + Depreciation Expense 12,700 Utilities Expense 0+Income Tax Expense 0 0 12,700 0