On December 31, 2020, a company recorded entries for the following items a-e. For each item, show the: Amount reported on the 2020 income statement Enter revenues/gains as positive amounts le g. 5,000): expenses/losses as negative amounts les.-5.000and if no amount is reported. Round your answers to the nearest dollar Amount reported on Dec. 31.2020 balance sheet for the ending balance of the asset. NET of any contrasuralemental asset accounts, Round your answers to the nearest dollar a. On Dec 31, 2020. recorded the receipt of first semiannual interest Rayment on $400,000 of 8% bonds purchased on July 1, 2020, for $369.112. The purchase price yielded the market rate of 10%. The effective interest method was used. The company intends to hold the bonds until they mature. Income statement: Interest revenue Balance sheet: Investment in 8% bonds (net b.On Dec. 31. 2020.recorded an adjusting entry for insurance. On Sept. 1, 2020, the company paid $24,000 for 12 months of insurance and debited Insurance Expense. Income statement Insurance expense Balance sheet: Prepaid insurance c On Dec 31, 2020.recorded an adiustis entry for bad debt expense related to uncollectible accounts receivable using the allowance method. The company estimates that 8% of year-end accounts receivable of $500,000 will be uncollectible. The balance in the Allowance account before the adjusting entry is $5,000 credit Iconstatement Bad debt expense DOLL WIERTrullillolle