Sheffield Corp. paid or collected during 2020 the following items:

Insurance premiums paid	$30900
Interest collected	69300
Salaries paid	281200

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

		December 31, 2020			December 31, 2019
Prepaid insurance		$2080			$3180
Interest receivable		7200			5780
Salaries and wages payable		25000			21400

Salaries and wages expense on the income statement for 2020 was

$277600.

$284800.

$327600.

$234800.