12 of 60 2021 ud purchased a 3 year insurance policy and cold a premum of $60.000 Jazze has a December 31 year end. Under accrual Cho the towing statements best deschis the effect of the transaction? B The balance in the prepaid insurance account on December 31, 2022 will be $40,000 A The balance in the prepaid insurance account on December 31, 2022 will be D The balance in the prepaid insurance account on December 31, 2022 will be 550.000 c The expense account for the period ending December 31, 2022 win 520000 The expense account for the period ending December 31, 2022 w