Adam's Orchard opened its business on January 1, 2023, and paid for two insurance policies effective that date. The policy for equipment damage was $36,720 for 18 months, and the crop damage policy was $14,100 for a two-year term. What is the balance in Adam's Orchard insurance as of December 31, 2023? A.) $45,630 B.) $50,820 C.) $19,290 D.) $15,765