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5. Heartland Corporation records all insurance premiums as prepaid insurance. Additional information for the current year is presented below: $64,000 $150,000 $75,000 Prepaid Insurance, January

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5. Heartland Corporation records all insurance premiums as prepaid insurance. Additional information for the current year is presented below: $64,000 $150,000 $75,000 Prepaid Insurance, January 1 insurance expense for year Prepaid Insurance, December 31 What were the total amount of insurance premiums paid during the year

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