On October $1,$ Year $1,$ a company paid an $$18,000$ 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.

$\backslash$table$[[$Balance Sheet,Income Statement$],[$Prepaid Insurance,$$insurance Expense$],[,$Accrual Basis,Cash Basis,,Accrual Basis,Cash Basis$],[$December $31,$ Year $1,$$$,18,000,$$$,18,000,$Year $1,$$$,1,500,$$$,18,000],[$December $31,$ Year $2,,,,,$Year $2,,6,000,,0],[$December $31,$ Year $3,,,,,$Year $3,,6,000,,0],[$December $31,$ Year $4,,,,,$Year $4,,4,500,,0],[,,,,,$Total,$$,18,000,$$$,18,000]]$