HW$\_$CH$3$

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On October $1,$ Year $1,$ a company paid an $$23,400$ premium on a $36-$month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the points

$\backslash$table$[[$Balance Sheet,Income Statement$],[$Prepaid Insurance,Insurance Expense$],[,$Accrual Basis,Cash Basis,,Accrual Basis,Cash Basis$],[$December $31,$ Year $1,$$$,18,200,$$$,0,$Year $1,$$$,2,600,$$$,23,400],[$December $31,$ Year $2,,11,700,,0,$Year $2,,7,800,,0],[$December $31,$ Year $3,,3,900,,0,$Year $3,,7,800,,0],[$December $31,$ Year $4,,0,,0,$Year $4,,5,200,,0],[,,,,,$Total,$$,23,400,$$$,23,400]]$