The David Hotel took advantage of a major discount and paid a three'year premium of $36,000 for re insurance on July 20. 2016. The insurance converge is for August 1, 2016, through July 31, 2019. (1). How much is the monthiy insurance expense? (2). How much of the three year premium should be expensed by the end of 2017? (3). How much is shown as prepaid insurance (current asset) at the end of 2017? (4). How much is shown as defen'ed charges insurance at the end of 201