During 2020, Wingham Company wrole off $5,000 of Prepaid Insurance which expired during the period. Which of the following correctly portrays the electo! this event across a horizontal analysis? ON Bance sheet Income statement Cash now statement ASSOS SE Revenue Expenses Revenue Expenses NI -5000 5000 +5000 5000 O Banco Svet Income statement Cash flow statement Assos Tubes SE Revenue Expenses Na Revenue Expenses N 5000 45000 15.000 5000 Balance sheet Income statement Cash flow statement Labus SE Revenue Expenses NI Revenue Expenses NI 5000 *5000 3 000 15000 15000 3000 0 Blanche Income statement Cash low statement Ubat SE Revente Expenses N Revenge Expenses N 5000 30000 5,000 5000