On June 1, 2017, a company paid an $25,200 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.

I need the values for X in the table below:

	Balance Sheet			Income Statement
	Prepaid Insurance			Insurance Expense
	Accrual Basis	Cash Basis		Accrual Basis	Cash Basis
Dec. 31, 2017	X	$0	2017	X	$25,200
Dec. 31, 2018	X	0	2018	X	0
Dec. 31, 2019	X	0	2019	X	0
Dec. 31, 2020	X	0	2020	X	0
		0	Total	$0	25,200