Part A - The Wildcat Magazine prepares annual financial statements. The December 31, 2018 and December 31, 2019, trial balances contained the following account information Dec 31, 2018 Dec 31, 2019 $5,500 $4,300 Prepaid Insurance Interest Payable Salaries Payable 0 1,800 8,500 7,000 55,000 Unearned Revenue 66,700 The following information is also known a) The 2019 income statement reports $12,000 in insurance expense b) Wildcat Magazine borrowed money from a bank on September 1st, 2019 at a 10% annual interest rate The loan must be repaid with interest on April 1st, 2020 c) $97,000 was paid to employees during 2019 d) Wildcat recorded $135,600 in subscription revenue during 2019. All customers pay in advance for the magazine subscriptions Required 1. What was the cost of insurance purchased during 2019? 2. How much money was borrowed on September 15t, 2019? 3. What was the total amount of salaries expense reported on the 2019 income statement? 4. How much cash was collected from customers during 2019