Swifty Corporation paid or collected during 2020 the following items: Insurance premiums $31500 paid Interest collected 69800 Salaries paid 280200 The following balances have been excerpted from Swifty's balance sheets: Prepaid insurance Interest receivable Salaries and wages payable December 31, 2020 December 31, 2019 $2500 $2900 7140 6080 24800 21400 Salaries and wages expense on the income statement for 2020 was O $283600. $234000. O $276800. O $326400.