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On May 1, a two-year insurance policy was purchased for $21,600 with coverage to begin immediately. What is the amount of insurance expense that would

On May 1, a two-year insurance policy was purchased for $21,600 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31?

$8,100.

$6,300.

$21,600.

$7,200.

$900.

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