The information shown below relates to Dalgleish Corporation. At December 31, 2019 the Dalgleish general ledger shows the following balances:

Prepaid lease $7,000 Debit

Prepaid insurance $ 1200 Debit

Unearned revenue $ 84,000 Credit

In addition, the following information is available:

1. The entire amount shown as prepaid lease has expired.

2. One-third of the amount shown as prepaid insurance has expired.

3. Half of the amount shown as unearned revenue has now been earned.