Required information [The following information applies to the questions displayed below.] In January of year 0, Justin paid $8,600 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 0 in each of the following alternative scenarios? Note: Leave no answers blank. Enter zero if applicable. a. The policy covers the business property from April 1 of year 0 through March 31 of year 1. b. The policy begins on February 1 of year 1 and extends through January 31 of year 2 . c. Justin pays $9,800 for a 24 -month policy that covers the business from April 1, year 0 , through March 31 , year 2 . Note: Do not round intermediate calculations. d. Instead of paying an insurance premium, Justin pays $8,600 to rent his business property from April 1 of year 0 through March 31 of year 1