Question 4 -/10 A business is preparing its Statement of Profit or Loss for the year ended 31 December 2019. On 1st April 2019 the company paid 2,000 for insurance for the next 12 months. An extract from the Statement of Financial Position as at 31/12/18 is shown below. Current Assets Insurance Prepayment 300 Current Liabilities Heat & Light 400 Accrual The insurance expense included in the Statement of Profit or Loss for the year ended 31/12/19 would be: 2,000 1 1,500 2. 2,300 3 1,800 4