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In its Prepaid Insurance account, Ngo Company reported a balance of $5,200 on January 1, and $8,000 on December 31. The company also reported Insurance

In its Prepaid Insurance account, Ngo Company reported a balance of $5,200 on January 1, and $8,000 on December 31. The company also reported Insurance Expense of $4,000. What was the amount of cash outflow associated with Insurance during the year?

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