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In December of 2022, Flower Inc. paid $2,200 cash for a one year insurance policy to be used in 2023 and Flower Inc. recorded the

In December of 2022, Flower Inc. paid $2,200 cash for a one year insurance policy to be used in 2023 and Flower Inc. recorded the transaction correctly. Based only on this situation, which of the following is true for Flower Inc?Question 2 options:

	Total Assets would decrease by $2,200 in 2022
	There would be an insurance expense of $2,200 in 2023
	Stockholders' Equity would increase by $2,200 in 2022
	Total Assets would increase by $2,200 in 2022

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