On March 1, a business paid $4,680 for a 12-month liability insurance policy. On April 1, the business entered into a two-year rental contract for equipment at a total cost of $18,360. Determine the following amounts:

(a)Insurance Expense for the month of March

$fill in the blank 1

(b)Balance in Prepaid Insurance as of March 31

$fill in the blank 2

(c)Equipment Rent Expense for the month of April

$fill in the blank 3

(d)Balance in Prepaid Equipment Rental as of April 30

$fill in the blank 4