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Required information Exercise 5-21 (Algo) Prepaid expenses-insurance LO 5-10 [The following information applies to the questions displayed below] A company makes the payment of a

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Required information Exercise 5-21 (Algo) Prepaid expenses-insurance LO 5-10 [The following information applies to the questions displayed below] A company makes the payment of a one-year insurance premitum of $4,152 on April 1, 2022. Exercise 5-21 (Algo) Part d 1. If the premium had been $8,304 for a two-year period, how should the prepaid amount at December 31,2022 , be reported on the Dalance sheet

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