Waterway Industries paid or collected during 2017 the following items:

Insurance premiums paid	$30800
Interest collected	69400
Salaries paid	281000

The following balances have been excerpted from Waterway's balance sheets:

	December 31, 2017	December 31, 2016
Prepaid insurance	$2360	$2960
Interest receivable	7620	5620
Salaries and wages payable	24600	21400

The insurance expense on the income statement for 2017 was