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Given the following 2025 information for the Pinto Company: $ 400 Increase in Wages Payable Operating Expenses $5,100 $4,000 Total Cash paid for expenses 12/31/25

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Given the following 2025 information for the Pinto Company: $ 400 Increase in Wages Payable Operating Expenses $5,100 $4,000 Total Cash paid for expenses 12/31/25 Prepaid Insurance $1,200 Operating Expenses and cash paid for expenses consisted of amounts for insurance and wages only. The 1/1/25 balance of Prepaid Insurance was: Select one: a. $500 b. $1,750 c. $2,700 d. $300 e. $1,900

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