Team Shirts,Inc.had $12,000 of insurance expense and $1,000 of prepaid insurance at the end of the year.The cash paid for insurance was $12,800.Calculate the amount of prepaid insurance at the beginning of the year.

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The Answer of Team Shirts,Inc.had $12,000 of insurance expense and $1,000 of prepaid insurance at the end of the year.The cash paid for insurance was $12,800.Calculate the amount of prepaid insurance at the beginning of the year.