On October $1,$ Year $1,$ a company pald an $$14,400$ premlum on a $36-$month insurance pollcy for coverage beginning on that date. Refer to that policy and fill Jn 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 $1,,,$Year $1,,],[$December $31,$ Year $2,,,$Year $2,3,],[$December $31,$ Year $3,,,$Year $3,,],[$December $31,$ Year $4,,,$Year $4,,],[,,,$Total,$$,$$