Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability policy was $55,800 for 18 months, and the crop damage policy was $24,000 for a two- year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2021? Multiple Choice $79,800 $12,000 Loooo $49,200 $49,200 $30,600 $30,600