Terbish Company started operations on January 1 of the current year. It is now December 31, the end of the current fiscal year. The part-time bookkeeper needs your help to analyze the following three transactions: a. During the year, the company purchased office supplies that cost $1,880. At the end of the year, office supplies of $440 remained on hand. b. On January 1 of the current year, the company purchased a special machine for cash at a cost of $12,320. The machine's cost is estimated to depreciate at $1,540 per year. c. On July 1, the company paid cash of $980 for a one-year premium on an insurance policy on the machine; coverage begins on July 1 of the current year. Required: Complete the following schedule of the amounts that should be reported for the current year: Selected Statement of Financial Position Amounts at December 31 Assets: Equipment Accumulated depreciation Carrying amount of equipment Office supplies inventory Prepaid insurance. Selected Statement of Earnings Amounts for the Year Ended December 31 Expenses Depreciation expense Office supplies expense Insurance expense Amount to Be Reported