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Nash's Trading Post, LLC purchased an 18-month insurance policy on May 31, 2025 for $8640. The December 31, 2025 balance sheet would report Prepaid Insurance

Nash's Trading Post, LLC purchased an 18-month insurance policy on May 31, 2025 for $8640. The December 31, 2025 balance sheet would report Prepaid Insurance of

Select answer from the options below

$3360.

$0 because Prepaid Insurance is reported on the Income Statement.

$5280.

$8640.

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