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On December 31, 2020, Right Angle Manufacturer Co. had a balance in its prepaid Insurance account f $57,400. During 2021, $95,000 was paid for Insurance.

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On December 31, 2020, Right Angle Manufacturer Co. had a balance in its prepaid Insurance account f $57,400. During 2021, $95,000 was paid for Insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid Insurance account was $46,500. Insurance expense for 2021 was: Multiple Choice o $10,900. o $95,000. o $105,900. o $152 400

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