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The following balances have been taken from Jones Corporation's 12/31 balance sheets: 2024 2023 Prepaid insurance$13,000$21,000 The corporation paid the following items during 2024: Insurance

The following balances have been taken from Jones Corporation's 12/31 balance sheets:

20242023

Prepaid insurance$13,000$21,000

The corporation paid the following items during 2024:

Insurance premiums paid$17,000

Insurance expense on the income statement for 2024 was:

Select one:

a.$21,000

b.$25,000

c.$8,000

d.$9,000

e.$17,000

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