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On May 1, Year 1, a company paid an $18,000 premium on a...

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Accounting

On May 1, Year 1, a company paid an $18,000 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.
Answer is complete but not entirely correct.
\table[[Balance Sheet,Income Statement],[Prepaid Insurance,Insurance Expense],[,\table[[Accrual],[Basis]],\table[[Cash],[Basis]],,,\table[[crual],[asis]],,\table[[Cash],[Basis]]],[December 31, Year 1,13,000,0,Year 1,$,5,000,$,18,000
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