Colada Quest Games Inc adjusts its accounts annually. The following information is available for the year ended December 31,2021 . 1. Purchased a one-year insurance policy on June 1 for $1,500 cash 2 Paid $5,960 on August 31 for five months' rent in advance. 3. On September 4 , received $3,420 cash in advance from a corporation to sponsor a game each month for a total of nine months for the most improved students at a local school. 4. Signed a contract for cleaning services starting December 1 , for $1,050 per month. Paid for the first two months on November 30. (Hint: Use the account Prepaid Cleaning to record this prepayment) 5. On December 5 , received $1,590 in advance from a gaming club. Determined that on December 31,$510 of these games had not yet been played. wecan