5 Early in 2021, Ashland Granite discovered that a five-year insurance premium payment of $750,000 at the beginning of 2018 was debited to insurance expense. The correcting entry would include: Multiple Choice O A debit to prepaid insurance of $750,000. A debit to insurance expense of $300,000 A debit to prepaid Insurance of $450,000. O A credit to retained earnings of $300,000