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On March 1, a business paid $5,640 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 $19,320. 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