On October 1, 2019, Adams Company paid $4,080 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 Choice Prepaid insurance So, and Insurance expense $4.080 Prepaid insurance $3.570, and Insurance expense 5510. Prepaid insurance $4080, and Insurance expenses. 888 Next > Prepaid insurance $0, and Insurance expense $4,080. 07 O Prepaid insurance $3,570, and Insurance expense $510. Prepaid insurance $4,080, and Insurance expense $0. Prepaid insurance $2,040, and Insurance expense $2,040