Your examination of Sullivan company's recoreds, provides the following information for December 31. Year in adjustments

Annual Straight Line depreciation for the comapy's equipment is based on a cost of $30000, an esitmated life of 8 years and an estimated residual value of $2000

The company has satified performance obligations entitleling it to rent in the amount of $1000.

the income tax rate is %30 on current income and it is payable in the first quarter of the year. The pre tax income before the preceeding adjusting entires is $6800.

Prepare the adjusting entries to reocrd the preceeding information.