-Prepaid insurance had a balance of $1000 on the company's Dec 31, 2011 balance sheet. On June 1, 2012, the company paid an additional insurance premium of $3,000. Prepaid insurance had a balance of $1,250 on the company's December 31, 2012 balance sheet. How much cash paid for insurance will be reported on the company's statement of cash flows for the year ended December 31, 2012?