2. The following information was taken from the accounting records of Swanson Farms in 2010. For each of the following determine the amount of expense Swanson Farms should report on its income statement related to data presented below and give the entry made to record the expense. $1,000 A. Beginning balance Prepaid Insurance $1,400 Ending balance Prepaid Insurance $2,000 Cash Paid for Insurance $20,000 B. Beginning Balance Salaries Payable $15,000 Ending Balance Salaries Payable $150,000 Cash Paid for Salaries in 2010