Stahl Company paid $7,800 on May 1, 2008 for insurance coverage for a one year period beginning that date. The adjusting entry required to recognize insurance expense on December 31, 2008 would have what effect on the financial statements? Exp. | -| 2.600| Inc = | Net | Cash Flow Assets | =| Liab. | + Equitv Rev (2.600 ) |=| NA|+ (2.600) NA NA A) B) C) D) (2,600) (2.600) (2.600)NA(2.600 NA (5.200NA (5,200 NA 5.200(5,200(5.2 (5,200 )!=| NA | + (5.200) NA .|5.200!, (5.200) 2.600 1=1 (2,600) | (2.600) OA 5,200.200 (5,200) OA NA