15 At the end of the year, The Vulcan Community Hospital made fire insurance adjustment for the first year. The insurance policy was paid $400,000 for 4 years. Which is the correct recording regarding the financial event? Debit $100,000 on Insurance Expenses Credit $400,000 on Prepaid Insurance 3.5 pts Debit $400,000 on Insurance Expenses O Credit $400,000 on Insurance Expenses O Credit $100,000 on Cash