Tips/en. en 10 Saved Help Save & Exit Sub 2 On December 31, 2020, Coolwear, Inc. had a balance in its prepaid insurance account of $49,400. During 2021, $87,000 was paid for insurance. At the end of 2021, after adjusting entries were recorded, the balance in the prepaid insurance account was $42,500. Insurance expense for 2021 was: Multiple Choice S 015205 $93.900 $136,400 $6.900 $87000 ENE ES V a w Type here to search