Question 3: Rocky Limited has a financial year ending 31 August. In January 2018, Rocky Limited was charged a motor insurance premium of 16,800 for cover for the year ended 31 December 2018. For the following year, there were some changes to the policy and in January 2019, the motor insurance premium increased to 19,800 for cover for the year ended 31 December 2019. a) Calculate motor insurance expenses for the year ended 31 August 2019. Show your workings b) Calculate deferred expenses (prepaid expenses) for insurance at 31 August 2019. Show your workings.