THe prepaid insurance account had a balance of $10,800 at the beginning of the year. The account was increased for $7,200 for premiums on policies purchased during the the year. What is the adjustment required at the end of the year for each of the following independent situaton a) the amount of unexpired insurance applicable to future period is $8,000? b) the amount of insurance expired during the year is $12,675? Indicate each account affected whether the account is increased or decreased