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Murphy, Inc. prepaid $4,800 on October 1, 2024 for a one-year insurance premium. Coverage begins October 1. On January 1, 2025 (after December 31

Murphy, Inc. prepaid $4,800 on October 1, 2024 for a one-year insurance premium. Coverage begins October 1. On January 1, 2025 (after December 31 adjustments), the Prepaid Insurance account will have a debit balance of (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number) OA. $4,000 O B. $5,200 O C. $3,600 OD. $4,800

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