A company makes the payment of a one-year insurance premium of $4,224 on March 1, 2019.

b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for increases and amounts with for decreases.)

C. Calculate the amount of prepaid insurance that should be reported on the December 31, 2019, balance sheet with respect to this policy.

d. If the premium had been $8,448 for a two-year period, how should the prepaid amount at December 31, 2019, be reported on the balance sheet?

Non-current assets= ?

current assets= ?