The following items are necessary for preparing the 2024 year-end adjustments for Gamecock Advertising Agency. Gamecock's fiscal year-end is December 31. 1. On July 1, 2024, Gamecock received $6,000 from a customer for advertising services to be given evenly over the next 10 months. Revenues related to other advertising provided during the year total $96,000 2. At the end of the year, income taxes owed are $7,000. These taxes won't be paid until next April 15. 3. On May 1, 2024, the company paid $4,800 for a two-year fire and liability insurance policy. The amount was recorded in Prepaid Insurance on May 1. Insurance costs prior to May total $1,100. 4. On September 1, 2024, the company borrowed $20,000 from a local bank and signed a note. Principal and interest at 12% will be paid on August 31, 2025. 5. At year-end, there is a $2,700 balance in the Supplies account. Only $1,000 of supplies remains on hand at the end of the year. Required: For each item, determine the accounts to be adjusted on December 31, 2024, the balances before adjustment, the amount of the adjustment, and the ending balances. Assume no adjustments were previously made during the year. Note: Amounts to be deducted should be indicated with a minus sign. Balance before adjustment December 31 Adjustment December 31 Ending balance 2. Balance Sheet Income Statement Account Account Deferred Revenue) Service Revenue 0 0