Mal de Mere Cruises purchased a five-year insurance policy for its ships on April 1, 2020 for $50,000. Assuming that April 1 is the effective date of the policy, the adjusting entry on December 31, 2020 is Prepaid Insurance. 7,500 Expense.... Insurance 7.500 o Insurance Expense. 7,500 Prepaid Insurance. 7,500 Insurance Expense 10,000 Prepaid Insurance 10,000 Insurance Expense. 2,500 Prepaid Insurance. 2,500 1 Assignment requirements You are part of a team working on an innovative solution to a business problem in a certain company. The company is facing multiple complaints from customers on "Late Delivery" of products. You need to use the following tools to identify an innovative solution to the problem: Mind Mapping + Process Mapping + Fishbone/Cause-and-Effect Diagram Six Thinking Hats Requirements: 1. Clearly define each tool and its value to creative thinking. (3 Points) 2. Sketch a mind map, and fishbone to the late delivery problem (sketch by hand) (4 Points) 3. Mention the step-by-step approach of applying "Six Hats" to the problem. (3 Points) (you do not need to find solution, just list the steps of the approach)