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Here is some data from Magnolia Company's balance sheet: 12/31/2020 Prepaid Insurance Balance $2,099 12/31/2019 Prepaid Insurance Balance $2,551 2020 Insurance Expense $1,039 How much

Here is some data from Magnolia Company's balance sheet:

12/31/2020 Prepaid Insurance Balance $2,099

12/31/2019 Prepaid Insurance Balance $2,551

2020 Insurance Expense $1,039

How much cash was paid for insurance premiums in 2020?

Round your answer to the nearest whole dollar. Don't use dollar signs when entering your answer.

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