The following listing shows all of the account balances taken from the unadjusted trial balance of Gordon Inc., at Dec. 31, 2021: Gordon Inc., Unadjusted Trial Balance, December 31 2021: 23,600 14,950 5,400 2,340 Accounts Receivable Accounts Payable Accumulated Depreciation Advertising Expense Allowance for doubtful accounts (credit) Contributed Capital Cash Cost of Sales Dividends Declared Inventory Marketable Securities Notes Payable Prepaid Insurance Expense Property, Plant and Equipment Rent expense Retained Earnings (Jan 1, 2021) Sales Revenue Unearned Revenues Utilities Expense Wage Expense 100 9,900 15,040 20,000 13,500 10,000 2,500 18,000 5,400 29,880 4,380 5,400 77,400 8,910 2,640 10.780 Refer to this listing in the question below. Refer to the unadjusted trial balance of Gordon Inc. at December 31, 2021 presented above. The prepaid insurance expense resulted from an amount of $5,400, paid on August 1, 2021, for a 36-months insurance policy beginning that date. Assume the accounting period ends on December 31, 2021. Required: Determine whether an adjusting entry is required on December 31, 2021 in relation to the transaction above. Fill in the drop down spaces below to record the correct entry (use 'None' if no entry is necessary). Answer: We would have to DEBIT and CREDIT at the amount of