1.On March 20, 2020, Briggs Company paid $900 cash for a 3-month insurance policy with coverage beginning on April 1. Briggs prepares monthly financial statements. How much insurance expense should Briggs recognize for the month of April, 2020? Enter expense as a positive number. 2.

Myers Company has Retained Earnings of $55,000 at the end of March, 2020. During the month of April, Myers has revenues of $70,000 and total operating expenses of $60,000. Myers also pays its shareholders dividends of $5,000 on April 30. What is Myers Company's ending balance of Retained Earnings on April 30?