E4-16 Recording Four Adjusting Entries, Completing a Trial Balance, Preparing Financial Statements, and Recording Closing Entries LO4-1, 4-2, 4-4 Cayuga Ltd. prepared the following trial balance at the end of its first year of operations ended December 31 . To simplify the case, the amounts given are in thousands of dollars. Other data not yet recorded at December 31 are as follows: a. Insurance expired during the year, $6. b. Depreciation expense for the year, $6. c. Wages payable, $9. d. Income tax expense, $26 3. Complete the trial balance adjustments and adjusted columns. (For revenues and expenses enter the total amount of adjustments in the adjustment column. Enter your answers in thousands of dollars.)