A-z construction company was organized on may 1 of the current year. on may 2, a-z construction prepaid $18,480 to the city for taxes (license fees) for the next 12 months and debited the prepaid taxes account. a-z construction is also required to pay in january an annual tax (on property) for the previous calendar year. the estimated amount of the property tax for the current year (may 1 to december 31) is $45,000.journalize the two adjusting entries required to bring the accounts affected by the two taxes up to date as of december 31, the end of the current year.