Prepaid insurance accounting problem please help.?

Prepaid insurance accounting problem please help.?

the premium on a $75,000 fire insurance policy from January 1, 2010 to January 1, 2013 is $900. On December 30, 2010, there was a fire loss of $50,000, which was subsequently paid by the insurance company. What is the balance sheet value of the prepaid insurance on December 31, 2011?

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