$20.$ A company purchased a two$-$year insurance policy for $$12,000$ on April $1$ of the current year and recorded the purchase as an increase to the asset account $$Prepaid Insurance$.$ On December $31$ of the current year the company would record: A$)$ Decreases in both prepaid insurance and insurance expense of $$4,500$ B$)$ A decrease in prepaid insurance and an increase in insurance expense of $$4,500$ C$)$ Decreases in both prepaid insurance and insurance expense of $$9,000$ D$)$ A decrease in prepaid insurance and an increase in insurance expense of $$9,000$