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Pickering Company's prepaid insurance was $11,500 at December 31, 2020, and $15,500 at December 31, 2021. Pickering reported insurance expense of $21,500 on the 2021 income statement. What amount would be reported in the statement of cash flows as insurance paid using the direct method? Multiple Choice $25,500 $33,000 $21,500. $17,500