Eve's Apples opened for business on January 1, 2021, and paid for two insurance policies effective that date. The liability policy was $61,200 for 18 months, and the crop damage policy was $28,800 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 20212 Multiple Choice $34,800 $14,400 $55,200 $90,000