Question 28 Not yet answered Points out of 2.00 p Flag question Frank operates a sole proprietorship using the cash method. On July 1 of the current year, Frank prepaid 12 months of property insurance on his shop at a cost of $12,000. What amount of property insurance can Frank deduct this year? Select one: O A. $1,000 O B. $12,000 OC. $4,000 OD. $0