On December 1 of this year, a customer pays $120 to XYZ Insurance company for a 12-month policy, ending December 1 next year. The policy can be cancelled at any time, with a refund for $10 times the number of months remaining on the policy. XYZ's sheet at the beginning of the year is shown below. Change all the numbers (if any) on the balance sheet to show the effect of the $120 cash receipt on the balance sheet on December 31. Cash 100 Accounts Payable 25 Accounts Receivable 30 Other Current Liabilities 35 Inventory 40 Long-Term Debt 450 Equipment: Original Cost 1000 Paid-In Capital 50 Equipment: Depreciation 500 Retained Earnings 110