1. (5 points) Zena Companys financial records showed the following selected items for 2014:

Advertising receipts $560,000 Land rental revenues $250,000

Interest paid on borrowings $100,000 Wage expense $190,000

2. Zena follows the accrual basis of accounting. The following balances were taken from Zenas balance sheets:

12-31-14 12-31-13

Advertising receivables 20,000 15,000

Prepaid advertising costs 50,000 44,000

Wages payable 18,000 25,000

Interest payable 60,000 56,000

Unearned land rental revenue 63,000 60,000

What were advertising-related revenues for 2014?

What was interest expense for 2014?

How much cash was paid out for wages and salaries during 2014?

How much cash was collected for land rentals during 2014?