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pls explain this how answer for this asap On March 1, 2021 the premium of a two-year insurance policy was paid in the amount of

pls explain this how answer for this asap
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On March 1, 2021 the premium of a two-year insurance policy was paid in the amount of $1,800. At the end of the same year, which is also the end of the accounting period, how much should be reported for insurance expense and prepaid insurance? A) Insurance expense $0, Prepaid insurance $1,8001q=18005/12 (B) Insurance expense $750, Prepaid insurance $1,050 C) Insurance expense $900, Prepaid insurance $900P1=18007112

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