Required information Problem 9-62 (LO 9-4) (Algo) [The following information applies to the questions displayed below.] In January of year 0, Justin paid $6,800 for an insurance policy that covers his business property for accidents and casualties. Justin is a calendar-year taxpayer who uses the cash method of accounting. What amount of the insurance premium may Justin deduct in year O in each of the following alternative scenarios? (Leave no answers blank. Enter zero if applicable.) Problem 9-62 Part-a (Algo) a. The policy covers the business property from April 1 of year o through March 31 of year 1. Deductible amount