https/bbcollab.com/c//so/1929542794 Castelody - 12 A-A- B 1 Cash J K L M N P Q When Castle Corporation pays insurance premiums, the transaction is recorded as a debit to prepaid insurance. Additional information for the you ended December 31 is as follows: Prepaid insurance at January 1 Insurance expense recognized during the year Prepaid insurance at December 31 $50.500 217,750 61250 What was the total amount of cash paid by Castle for insurance premiums during the year? Cash Basis