The following information is from the trial balance of the Basil Herb Company. Accounts Payable $264,000 Accounts Receivable 194,000 Accumulated Depreciation: Equipment 235,000 Allowance for Doubtful Accounts 17,500 Bonds Payable 1,000,000 Cash 335,000 Common Stock 70,000 Discount on Bonds Payable 28,100 Equipment 990,000 Insurance Expense 27,000 Interest Expense 17,405 Inventory 300,000 Notes Payable (due 6/1/Year 2) 200,000 Prepaid Rent 90,000 Retained Earnings 824,000 Salaries and Wages Expense 188,000 Salaries and Wages Payable 18,600 Unearned Revenue 34,500 (All of the above accounts have their normal debit or credit balances.) Required: Prepare adjusting journal entries at year end, December 31, Year 1, for the Basil Herb Company using the following supplemental information. a. Unexpired insurance at 12/31/Year 1 is $20,250. b. The equipment has a useful life of 15 years with $15,000 salvage value. (Straight-line method being used.) c. Interest accrued on the bonds payable is $16,000 as of 12/31/Year 1. The discount is amortized using straight-line over the life of the bonds. Bonds were issued January 1, Year 1 for $400,000 due in 10 years paying interest semiannually on July 1, and Jan. 1. d. The unearned revenue of $34,500 was received June 1, Year 1 to be earned evenly over the course of the year. e. The rent payment of $96,000 covered the six months from November 30, Year 1 through May 31, Year 2. f. Salaries and wages earned but unpaid at 12/31/Year 1, $43,600