Redson Inc. opened business on 1/1/2020. On 1/1/2020 Redson paid for two insurance policies effective that date. The liability policy was $72,000 covering the 18 months from 1/1/20 to 6/30/21, and the fire damage policy was $36,000 for the 24 months from 1/1/20 to 1/1/22. What is the balance in Redson's "prepaid insurance account as of December 31, 2020, end of the fiscal year, after adjusting entries have been recorded? IMPORTANT: Do not include the $ symbol in the answer. Also, use the comma to separate the thousands. For example, a correct answer will be "5,000", not "$5,000" or "5000