Question 14 1 pts Kite Company paid $24,900 in insurance premiums during 2001. Kite showed $3,600 in prepaid insurance on its December 31, 2001, balance sheet and $4,500 on December 31, 2000. The insurance expense on the income statement for 2001 was O $25,800. O $24,000. O $33,000. O $16,800.