Hello, I need help with questions 10 and 11, and can you please explain the way you found the answer? Thank you!

TUJ Un July 1, a company paid the $2.400 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the first year ended December 317 A) $1.200. B) $2,400 C) $1.000. D) $400. E) $1,400. II) A company had no office supplies available at the beginning of the year. During the year, the company purchased $250 worth of office supplies. On December 31, $75 worth of office supplies remained. How much should the company report as office supplies expense for the year? A) $75 B) $125. C) $175. D) $250. E) $325