Note: Use the Cornerstone Co$.$ data and the Reference Sheet to assist you in answering the following question.

Cornerstone Co$.$ Balance Sheet Accounts

$\backslash$table$[[\backslash$table$[[$Bonds Payable$],[$Cash$]]],[$Accounts Receivable,$],[$Preferred Stock,$],[$Accounts Payable,$],[$Land$,],[$Common Stock,$],[$Inventory$,],[$Retained Earnings,$],[$Unearned Rent Reve,led in $2$ months$)],[\backslash$table$[[$Prepaid Insurance $(3-],[$Taxes Payable$]],],[,\backslash$table$[[$Cornerstone Co$.],[$Income Statement Acco$],[$For Year Ended $12/31]]],[$Insurance Expense,$$60$