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Problem IV: ( 5 points) On August 1, 2022, Alan Corp. purchased an insurance policy for $15,000. The insurance policy period runs from 8/1/2022 - 7/31/2023. The "Prepaid Insurance" and "Insurance Expense" accounts had zero balances before this transaction. Alan has a calendar year-end. Part A: Looking ahead to the financial statements, what should be reported as the "Insurance Expense" and "Prepaid Insurance" account balances on 12/31/22? Round all calculations to the nearest whole month and whole dollar. (4 pts) (Continued on the next page)