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On May 1, a two-year insurance policy was purchased for $43,200 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 $43,200 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?

a. $1,800.

b. $12,600.

c. $14,400.

d. $16,200.

e. $43,200.

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