XYZ Company prepares monthly financial statements. In the tabular summary below are selected accounts and their balances on September 30 before any adjustments have been made for the month of September. Assets Liabilities + Stockholders' Equity Accum. Unearned Prepaid Depr.- Rent Supplies +Ins. + Equip Equip. - Rev. + Revenue Expense Bal 1,500 + 3,600 +16,200 1,000 = 1,200 An analysis of the account balances by the company's accountant provided the following additional information: 1. A physical count of office supplies revealed $500 on hand on September 30. 2. A two-year life insurance policy was purchased on September 1 for $3,600. 3. Office equipment depreciates $1,200 per year. 4. The amount of rent received in advance that remains unearned at September 30 is $200. Using the information given above, consider the adjustments that should be made by XYZ Company on September 30 and answer the following questions. What is the Prepaid Insurance balance on the September 30 balance sheet?