The balance in a company's prepaid insurance account at the beginning of a period was $3,200. Insurance coverage costing $24,000 was purchased and paid for during the period (i.e., insurance premiums in the amount of $24,000 were paid during the period). If the balance in the prepaid insurance account at the end of the period is $3,800, the amount of insurance expense charged against income during the period is: A) $23,400 B) $24,000 C) $24,600 D) $27,200 E) $27,800