On April 1,2014,a Company Paid $1,350 Premium on a Three-Year

On April 1,2014,a company paid $1,350 premium on a three-year insurance policy with benefits beginning on that date.What will be the insurance expense on the annual income statement for the year ended December 31,2014?

A) $1,350
B) $450
C) $1,012.50
D) $337.50
E) $37.50