On June 1, 20x1, Ace Industries purchased a one-year comprehensive insurance policy and paid the annual premium of $12,000. Which of the following could result from the acquisition of the insurance coverage on June 17 O $7,000 of insurance expense for the year ended December 31, 20x1 a $12,000 credit to Insurance Expense on June 1, 20x1 O $6,000 of insurance expense for the year ended December 31, 20x1 O a $12,000 credit to Prepaid Insurance on June 1, 20x1