O Required information [The following information applies to the questions displayed below) In January of year o, Justin pala $9,400 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting What amount of the Insurance premium may Justin deduct in year o in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable) a. The policy covers the business property from April 1 of year o through March 31 of year 1. Deductible amount