Required information (The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $4,632 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for Balance Sheet Assets Liabilities Stockholders' Equity Income Statement Net Income Revenues Expenses Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year Insurance premium of $4,632 on March 1, 2019. a-2. Prepare the journal entry to record the above transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the payment of a one-year insurance premium. Note: Enter debits before credits. Date General Journal Debit Credit Mar 01 Record entry Clear entry View general Journal ! Required information [The following information applies to the questions displayed below) A company makes the payment of a one-year Insurance premium of $4,632 on March 1, 2019, c. Calculate the amount of prepaid insurance that should be reported on the December 31, 2019, balance sheet with respect to this policy Prepaid insurance Required information [The following information applies to the questions displayed below) A company makes the payment of a one-year insurance premium of $4632 on March 1, 2019 e. Prepaid expenses reflects as an asset for more meaningful net income amount True or False True False