On July $1,2027,$ Flint Co$.$ pays $$14,160$ to Carla Vista Insurance Co$.$ for a $2-$year insurance contract. Both companies have fiscal years ending December $31.$ For Flint Co$.,$ enter the July $1$

transaction and the December $31$ adjustment in the tabular summary that follows. $($If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or

parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$