2. (3 points] The following information relates to the M&M Company at the end of 2018. The accounting period is the calendar year. 1. An insurance premium of $12,000 was paid on March 1, 2018, and was charged to Prepaid Insurance. The premium covers a 24-month period beginning March 1, 2018. 2. On Ma}.r 1, 2018, cash of $54,000 was received from subscribers (customers) for a 36-month subscription period beginning on that date. The receipt was recorded by a debit to Cash and a credit to Unearned Subscription Revenue. 3. The Supplies account showed a balance of $5,500 at the beginning of 2018. Supplies costing $6,000 were purchased during 2018 and debited to the asset account. Supplies of $3,000 were on hand at December 31, 2018