Accounting $5203$ Why is the insurance amount is only $6,000?$ If it's from June to Dec end of year it should be $14,000$ instead? Then the prepaid insurance should be $10,000?$ Next question, considering that the insurance amount is $14,000$ from June to December what will now be the correct Net Income? Can you please provide as well a Income Statement for the December $31,2023$ as well as the Retained Earnings Statement and classified balance sheet?