Superior Corporation purchased a 2 year insurance policy for $5, 760 on June 1, 2015 with coverage starting on that date and recorded the purchase in prepaid insurance. No adjustments have been made through the end of the year. A) What adjusting entry must be made at 12/31/15? B) What is the balance in the Prepaid Insurance and Insurance Expense accounts at 12/31/15 after the adjusting entry is made? Prepaid Insurance: $ ______ Insurance Expense: $ _______ C) What adjusting entry must be made at 12/31/16? D) What is the balance in the Prepaid Insurance and Insurance Expense accounts at 12/31/16 after the adjusting entry is made? Prepaid Insurance: $ _______ Insurance Expense: $ _______