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Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $280,000and covered 24 months, from Oct 1, 20X1 to

Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $280,000and covered 24 months, from Oct 1, 20X1 to the end of Sep 20X3. When Catrina prepares its balance sheet atyear-end 20X1.

What amount will be shown as prepaid insurance?

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