O $12150 O $15,730 O $6,480 O $21,400 D Question 4 Prepaid insurance is reported on the balance sheet as a O current asset O fixed asset O current liability O long-term liability D | Question 5 An investor purchased 500 shares of common stock, $25 par, for $21.750 were sold for $49.50 per share. What is the amount of gain or loss on the (-) $12,750 gain