Use the following transaction data for two claims to answer the questions below. Claim 1 Policy Effective Date 04/01/16 Date of Report Loss Date 08/01/16 09/15/16 2 10/01/16 02/01/17 02/01/17 Transaction Incremental Date Payment 09/15/16 01/01/17 06/01/17 12/15/17 02/01/17 10/01/17 02/15/18 $0 $4,000 $28,000 $15,000 $20,000 $36,000 $12,000 1. What are the total Policy Year 2016 Reported Claims as of 12/31/2016? 2. What are the total Accident Year 2017 Reported Claims as of 12/31/2017? 3. What are the total Calendar Year 2017 Paid Claims as of 12/31/2017? 4. What are the total Reported Year 2016 Paid Claims as of 12/31/2017? Case Reserve (as of transaction date) $40,000 $36,000 $12,000 $0 $55,000 $14,000 $0