1. Using the above information, determine Cash Received for Interest during 2016:

2. Using the information presented in #5 above, determine the amount of Salary Expense reported on the 2016 accrual based Income Statement:

3. Using the information presented in #5 above, determine the amount of Insurance Expense reported on the 2016 accrual based Income Statement:

4. Using the information presented in #5 above, determine the amount of Cash Paid for Inventory during 2016:

The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000 and Cost of Goods Sold for $358,500. The Cash ledger for the company for 2016 showed $160,600 cash paid for salaries, $14,400 cash paid for insurance. The following balances have been excerpted from Dolan Corporation's balance sheet: Interest Receivable Salaries & Wages Payable Prepaid Insurance Inventory Accounts Payable December 31, 2015 $18,200 $17,800 $2,200 $33,000 $20,000 December 31, 2016 $15,000 $ 8,400 $ 3,000 $50,000 $35,500