26. On April 1, a $4,800 premium on a one-year insurance policy on equipment was paid and charged to Prepaid Insurance. At the end of the calendar year, the financial statements would report: A. Insurance Expense, $1,200; Prepaid Insurance $3,600. B. Insurance Expense, $3,600; Prepaid Insurance $1,200. C. Insurance Expense, $3,650; Prepaid Insurance $4,800. D. Insurance Expense, $4,800; Prepaid Insurance $O