! Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $4,296 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities Stockholders' Equity Net Income Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,296 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Income SE Assets Liabilities Stockholders' Equity Net Income Revenues Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,296 on March 1, 2019. c. Calculate the amount of prepaid insurance that should be reported on the December 31, 2019, balance sheet with respect to this policy Prepaid insurance