lime left T:50:50 Question 31 Accumulated Depreciation is Not yet answered Marked out of 1.00 a. An expense account. O b. A contra asset account O c. A liability account O d. An owner's equity account P Flag question Question 32 Not yet answered Blue Chip Investments purchased a 12-month insurance policy on May 31, 2016 for $3,480. The December 31, 2016 balance sheet would report Prepaid Insurance of Marked out of 1.00 P Flag question O a. $1,450 b. $3,480 O c. $2,030 O d. $0