A company shows a \($600\) balance in Prepaid Insurance in the Unadjusted Trial Balance columns of the work sheet. The Adjustments columns show expired insurance of \($200\). This adjusting entry results in

a. \($200\) less in net income.

b. \($200\) more in net income.

c. \($200\) difference between the debit and credit columns of the Unadjusted Trial Balance.

d. \($200\) of prepaid insurance.

e. An error in the financial statements.