Required informotion 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 premium of $4,968 on April 1, 2022. Exercise 5-21 (Algo) Part C c. Calculate the amount of prepaid insurance that should be reported on the December 31,2022 , balance sheet with respect to this policy Required informotion 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 premium of $4.968 on April 1, 2022 xercise 5-21 (Algo) Port d If the premium had been $9.936 for a two-year period, how should the prepaid amount at December 31,2022 , be reported on the lance sheet