Vaughn Manufacturing purchased a one-year insurance policy in January 2017 for $36720. The insurance policy is in effect from March 2017 through February 2018. If the company neglects to make the proper year-end adjustment for the expired insurance: net income and assets will be overstated by $6120. net income and assets will be understated by $6120. net income and assets will be understated by $30600. net income and assets will be overstated by $30600