Nitrogen Company Reported Insurance Expense for the Year Ended December

Nitrogen Company reported Insurance Expense for the year ended December 31, 2020, of $37,490. During the same period, the Prepaid Insurance account decreased $4,610. The payments for
Insurance during the year ended December 31, 2020, were:

A) $46,710
B) $37,490
C) $42,100
D) $32,880