Noreen's Nectarines opened for business on the first day of 20x1. On that date, she purchased two different insurance policies effective January 1, 20x1. The first policy covered potential damage to the company's property, plant and equipment had a term of two years and cost $24,000. The second policy covered frost damage to the nectarine trees had a one and one-half year term (18 months), and a cost of $12,000. At the end of 20x1, what balance does Noreen show in her prepaid insurance account? Group of answer choices