Place the appropriate letter identifying each type of opinion on the line in front of the statement or phrase describing the type of opinion. A company prepares financial statements in order to summarize financial informant. Below are a list of financial statements and a list of descriptions. Financial Statements a. Balance sheet b. Income statement c. Statement of cash flows d. Statement of stockholders' equity Details the sources and uses of cash during a specified period of time. Summary of revenues and expenses and gains and losses for a specific period of time. Shows the financial condition of an accounting entity as of a specific date. Presents reconciliation of the beginning and ending balances of the stockholders' equity accounts. Match each financial statement with its description. The Jones Company debits prepaid insurance for insurance premiums paid. During the year insurance expense is computed for interim periods and insurance expense is debited and prepaid insurance is credited. Information for the year ended December 31, 2012 follows: Determine the insurance premiums paid during 2012