On January 1, 20Y6, Kirsten Corporation, which reports financial statements on a monthly basis, took out a 3-month insurance policy and paid a $216,000 premium for coverage beginning that day.

What would be reported for the following for this contract?

Prepaid Expenses on the Balance Sheet
January 31	$
February 28	$
March 31	$

Insurance Expense on the Income Statement
January	$
February	$
March	$

Prepaid expenses on the January 31 balance sheet Note: your answer should be formatted as a whole number without currency symbols or punctuation.

insurance expense on the income statement for March Note: your answer should be formatted as a whole number without currency symbols or punctuation.

insurance expense on the income statement for February Note: your answer should be formatted as a whole number without currency symbols or punctuation.

Insurance expense on the income statement for January Note: your answer should be formatted as a whole number without currency symbols or punctuation.

Prepaid expenses on the March 31 balance sheet Note: your answer should be formatted as a whole number without currency symbols or punctuation.

Prepaid expenses on the February 28 balance sheet Note: your answer should be formatted as a whole number without currency symbols or punctuation.