(10 points) Y Company's auditor discovered an error when conducting the 2018 audit. (This is prior to the company permanently closing the accounting system to 2018 entries and issuing the 2018 financial statements, and the error was not caught during the preparation of the 2017 tax return. In both years, the company had positive net income greater than $1 million.) A two-year insurance policy purchased on April 30, 2017, in the amount of $24,000 was debited to Prepaid Insurance. No adjustment was made on December 31, 2017, or on December 31, 2018. Required: Prepare appropriate journal entries. Apply U.S. GAAP. The tax rates for all tax years involved is 40%. Think carefully about how this transaction affects taxes