On March 1, Year 1, a company paid an $18,000 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. 

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Balance Sheet: Prepaid Insurance Income Statement: Insurance Expense Accrual Cash Accrual Cash Basis Basis Basis Basis Dec. 31, Year 1 %$. $. Year 1 $. %$. Dec. 31, Year 2 Year 2 Dec. 31, Year 3 Year 3 Dec. 31, Year 4 Year 4 Total