The trial balance of the Trishia Company on December 31, 2010 (the end of its annual accounting period), included the following account balances before adjustments: Notes Receivable-$10,000 debit; Insurance Expense-$3,000 debit; Delivery Equipment-$14,000 debit; Building-$60,000 debit; Unearned Rent-$4,320 credit; Note Payable-$7,200 credit; Office Supplies Expense-$1,000 debit. Reviewing the company's recorded transactions and accounting records for 2010, you find the following data pertaining to the December 31, 2010 adjustments: 1. On July 2, 2010, the company had accepted a $10,000, 9 mo nth, 10%(annual rate)note receivable from a customer. The interest is to be collected when the note is collected. 2. On August 2, 2010, the company had paid $3,000 for a two-year insurance policy. 3. The building was acquired in 1998 and is being depreciated using the straight-line method over a 25 year life. It has an estimated residual value of $8,000. 4. The delivery equipment was purchased on April 2, 2010. It is to be depreciated using the straight line method over a 10 year life, with an estimated residual value of $2,000. 5. On September 1, 2010, the company had received 2 years of rent in advance ($4,320) for a portion of a building it is renting to Oscar Co. 6. On December 1, 2010, the company had issued a $7,200, three month, 12%(annual rate) note payable to a supplier. the interest is to be paid when the note is paid. 7. On January 2, 2010, the company purchased $1,000 of office supplies. A physical count on December 31, 2010, revealed that there are $400 of office supplies still on hand. No supplies were on hand at the beginning of the year. Required: Prepare the adjusting entries that are necessary to bring the Trishia Company accounts up to date on December 31, 2010. Each journal entry explanation should summarize your calculations