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Eve's Apples opened its business on January 1, 2021, and paid for two insurance policies effective that date. The policy for equipment damage was $36,720

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Eve's Apples opened its business on January 1, 2021, 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 $10,500 for a two-year term. What is the balance in Eve's prepaid insurance as of December 31, 2021? Multiple Choice $14,865. $40.230 $17,490 $47,220

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