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 $2,080. At the end of the year, office supplies of $540 remained on hand. b. On January 1 of the current year, the company purchased a special machine for cash at a cost of $13,120. The machine's cost is estimated to depreciate at $1,640 per year. c. On July 1, the company paid cash of $1,180 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