he X Company personal financie statements. On t Financial statements show? 19th com year insurance policy. After the adjusting entry on December 31, 2019, what will X Company's 2019 Prepaid Insurance, 345,000w e expense, 50 Prepold Insur , 57,500; Insurance expense, $37,500 Prepaid insurance, 50: ce expense, 545,000 Prepaid Insurance, $37.500; Insurance expense, $7,500 Preporuce, $11,250: Inance expense, 533,750 Prepaid Insurance, 533,750; Insurance expense, 511,250