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A company reported the following information: Prepaid insurance, December 31, 2020 $14,000 Prepaid insurance, December 31, 2019 11,500 Insurance expense for 2020 25,200 How much

A company reported the following information: Prepaid insurance, December 31, 2020 $14,000 Prepaid insurance, December 31, 2019 11,500 Insurance expense for 2020 25,200 How much cash was paid for insurance during 2020? Oa. $36,700 Ob. $27,700 Oc. $39,200 Od. $22,700

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