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 $36,360 for 18 months, and the crop damage policy was $1100 for a two-year term. What is the balance in Eve's prepaid insurance as of December 31, 2021? Multiple Choice $17,670. $47,460. O) $40,890. O $14,895