The following information applies to the questions displayed below.] Aubrae Company is making adjusting entries for the year ended December 31, 2014. In developing information for the adjusting entries, the accountant learned the following: a. A two-year insurance premium of $5,280 was paid on October 1, 2014, for coverage beginning on that date. At December 31, 2014, the following data relating to Shipping Supplies were obtained from the records and supporting documents. b. Shipping supplies on hand, January 1, 2014 Purchases of shipping supplies during 2014 Shipping supplies on hand, counted on December 31, 2014 $12,500 66,500 16,000