Under Hart Company’s accounting system, all insurance premiums paid are debited to Prepaid insurance. Hart then makes monthly charges to Insurance expense with credits to Prepaid insurance as the insurance coverage period is used up. Additional information follows:

Prepaid insurance at December 31, 20X0 ................... $210,000

Charges to Insurance expense during 20X1 ................. 875,000

Prepaid insurance at December 31, 20X1 ..................... 245,000

Required:

What was the total amount of insurance premiums Hart paid during 20X1?