Crane Company paid or collected during 2020 the following items:

Insurance premiums paid	$30400
Interest collected	70700
Salaries paid	281000

The following balances have been excerpted from Crane's balance sheets:

	December 31, 2020			December 31, 2019
Prepaid insurance	$2100			$3100
Interest receivable	7500			5400
Salaries and wages payable	24100			21600

The interest revenue on the income statement for 2020 was

$83600.

$72800.

$57800.

$68600.