could i get some help with the red, i have no idea how to find the insurance amount and expense.

On July 1, 2017, Major Co. pays $13,800 to Cruz Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 For Major Co., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit July 1 Prepaid Insurance 13800 13800 Cash Dec. 31 Insurance Expense Ai 4968 Prepaid Insurance Prepaid Insurance 1380012/31 12/31 7 12/31 Bal. v Insurance Expense 12/31 12/31 Bal. Click if you would like to Show Work for this question: Open Show Work