The following information is taken from the records of Sara Inc. at December 31, 2022.
Cash $35,000
Bank Loan $20,000
Land $100,000
Net Income $30,000
Equipment $15,000
Accounts Payable $22,000
Insurance Expense ?
Accounts Receivable $72,000
Revenue $41,000
Miscellaneous Expense $3,000
Office Supplies Expense $5,500
How much is insurance expense?