On May 1, a two-year insurance policy was purchased for $18,000 with coverage to begin immediately. What is the amount of insurance expense that would appea on the company's income statement for the first year ended December 31? Multiple Choice $750 $6,000 $18,000 $5,270 Save & E $6,750

On May 1. a two year insurance policy was putchased for $18,000 with coverage to begin immedlately. What is thie amount of insiafance expense that would appei on the comparry's income statement for the first year ended December 31? Muinple Choice sin0 $6,000 sin000 50,2ro 56450