Isolation Traders paid an insurance premium of R10 824 on 1 March 2019 for 12 months. Upon the inspection of the pre-adjustment trial balance for the year ended 31 May 2019, the bookkeeper noticed that insurance premiums amounting to R7 380 for the period starting 1 June 2018 until 28 February 2019, were paid in the previous financial period. The bookkeeper also noticed that, the insurance premium paid on 1 March 2019 has not yet been recorded in the books, and no adjustment has been processed and no reversal has been processed relating to insurance premium paid in the previous financial period. The amount for insurance expense to be shown in the statement of profit or loss and other comprehensive income for the year ended 31 May 2019 will be ?

A. R15 498

B. R2 706

C. R10 086

D. R8 118

E. R10 824