Consider the following transactions for Huskies Distributors Company for the financial period ended 31 December 2022: 1 Jan 2022: Insurance prepaid balance $ 12 000 2 Apr 2022: the company paid for the six month period ended 30 September 2022 $ 24 000 On October 1, 2022 the company entered a new agreement and paid $52,800 for a one-year property insurance policy. What adjusting entries are needed in the journal for insurance expense for the year ended 31 December 2022