Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $3,504 on March 1, 2019. a-1. Use the horizontal model to record the above transaction. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Assets Liabilities + Stockholders' Ec Required information [The following information applies to the questions displayed below.) A company makes the payment of a one-year insurance premium of $3,504 on March 1, 2019. b-1. Use the horizontal model to show the amount of insurance premium "used" that month. (Use amounts with + for increases and amounts with - for decreases.) Balance Sheet Liabilities Assets + Stockholders' Equity + Net Incom Required information (The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $3,504 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 $3,504 on March 1, 2019. d. If the premium had been $7,008 for a two-year period, how should the prepaid amount at December 31, 2019, be reported on the balance sheet? Non-current asset Current asset