On October $1,2019,$ Adams Company paid $$5,040$ for a two$-$year

insurance policy with the insurance coverage beginning on that

date. As of December $31,2019,$ which of the following account

balances are correct after adjusting entries have been made?$$Multiple ChoiceA$)$Prepaid insurance $$0,$ and Insurance expense $$5,040.$B$)$Prepaid insurance $$4,410,$ and Insurance expense $$630.$C$)$Prepaid insurance $$2,520,$ and Insurance expense $$2,520.$D$)$Prepaid insurance $$5,040,$ and Insurance expense $$0.$