June 8, 2020 Time Left:0:43:04 Mehar-Un-Nisa Dar: Attempt 1 Question 38 (1 point) A company (who uses the calendar year as its fiscal year) pays its insurance premium of $2,400 for the year in the month of January. At the end of April, what should the company show as the balance in its Prepaid Insurance account. $ 1.200 O $ 800 $1,600 O $ 400 Question 39 (1 point) Saved The correct order in preparing financial statements is