The trial balance of Sky Company on January 31, 2020 is shown below. Sky Company Trial Balance January 31, 2020 Accounts Debit Credit Cash 30,000 Prepaid Insurance 66,000 33,000 720,000 135,000 Supplies Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable Sky, Capital Sky, Drawings 120,000 72,000 459,000 72,000 Service Revenue 147,000 12,000 Utilities Expense Total 933,000 933,000 Other information: 1. Depreciation of equipment for January was $10,000. 2. Rent owed for the month of January but will not be paid until February, 2020 was $15,000. 3. The amount of insurance that expired in the month of January was $6,000. 4. Salaries owed for the month of January but will not be paid until February, 2020 was $25,000. 5. A physical count of supplies indicates $10,000 on hand at January 31. Required: Prepare the adjusting entries required on January 31, 2020