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Coronado Industries paid or collected during 2020 the following items: $30700 Insurance premiums paid Interest collected Salaries paid 69900 281800 The following balances have been

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Coronado Industries paid or collected during 2020 the following items: $30700 Insurance premiums paid Interest collected Salaries paid 69900 281800 The following balances have been excerpted from Coronado's balance sheets: December 31, 2020 $2340 December 31, 2019 $3160 Prepaid insurance Interest receivable Salaries and wages payable 7000 5460 24000 20800 The interest revenue on the income statement for 2020 was $82360. $68360. $57440. $71440

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