g Unit 3 Project i ok t nces Balance Sheet Prepaid Insurance December 31, Year 1 December 31, Year 2 December 31, Year 3 December 31, Year 4 On November 1, Year 1, a company paid an $25,200 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table. Accrual Basis Cash Basis Saved Year 1 Year 2 Year 3 Year 4 Total Income Statement Insurance Expense Accrual Basis Cash Basis 0 Help 0 S​