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Jeannie's Apples opened for business on January 1, 2024, and paid for two insurance policies effective on that date. The liability policy was $46,800

Jeannie's Apples opened for business on January 1, 2024, and paid for two insurance policies effective on 

Jeannie's Apples opened for business on January 1, 2024, and paid for two insurance policies effective on that date. The liability policy was $46,800 for 18 months, and the crop damage policy was $33,600 for a two-year term. What was the balance in Jeannie's Prepaid Insurance account as of December 31, 2024?

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