A Payment for Insurance on 1 June for $60 000,covering

A payment for insurance on 1 June for $60 000,covering the period 1 June 2008 to 31 May 2009,was recorded as a prepayment.No adjusting entry was made at 30 June 2009.As a result:

A) profit and total assets were understated by $5000
B) profit and total assets were understated by $55 000
C) profit was overstated by $5000 and assets understated by $5000
D) profit was understated by $5000 and assets overstated by $5000
E) assets overstated by $5 000 and net profit overstated by $5000.