On March 1, 2003, a company paid a $16,200 premium on a 36-month insurance policy for cover¬ age beginning on that date. Refer to that policy and fdl in the blanks in the following table:

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Balance Sheet Insurance Asset Using Insurance Expense Using Accrual Basis Cash Accrual Cash Basis Basis Basis Dec. 31, 2003 2003 Dec. 31, 2004 2004 Dec. 31, 2005 Dec. 31, 2006 2005 2006 Total $