Use the information provided to calculate the cash paid for insurance for the period. 
Definitions:
Insurance
A financial product that provides protection against losses or damages, typically in the form of a policy for which the insured pays a premium.
Residual Value
The calculated estimate of what an asset will be worth when it reaches the end of its functional life.
Straight-Line Depreciation
Straight-line depreciation is a method of allocating the cost of a tangible asset over its useful life in equal annual amounts.
Book Value
The value of an asset as it appears on the balance sheet, determined by cost minus accumulated depreciation.
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