tbook Problems Seved Help 1-10 Show how accounting for prepaid items affects financial statements . 1-11 Show how accounting for unearned revenues offects financial statements On September 1, Year 2. Stokes Company paid Eastport Rentals $35,000 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. Required A Required B 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 whicle dollar. Enter any decreases to account balances with a minus sign.) STOKES COMPANY Accounting Equation - Year 2 Assets Liabilities Stockholders' Equity Common Retained Prepaid Cash Event Rent Stock Earnings Paid 12 months rent (35.000) Adjustment for 4 months used Required) 35 000