On December 31, 2015, Coolwear, Inc. had a balance in its prepaid insurance account of $66,400. During 2016, $104,000 was paid for insurance. At the end of 2016, after adjusting entries were recorded, the balance in the prepaid insurance account was 51,000. Insurance expense for 2016 would be:

$104,000.

$119,400.

$15,400.

$170,400.