On January 2, 2016, Tucson Co. purchased a general liability insurance policy for $3,600 for coverage for the calendar year. The entire $3,600 was charged to Insurance Expense on January 2, 2016. If the firm prepares monthly financial statements, the proper adjusting entry on January 31, 2016, will be: Select one: O a. Insurance Expense.. Prepaid Insurance.. O b. Prepaid Insurance... Insurance Expense.... O c. Prepaid Insurance... 3,300 Insurance Expense...... d. Insurance Expense.... Prepaid Insurance.. 300 300 300 300 3,300 3,300 3,300