USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (4) QUESTIONS The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000 The Cash ledger for the company for 2016 showed $160,600 cash paid for salaries, $14,400 cash paid for insurance, and $360,000 cash paid for inventory purchases The following balances have been excerpted from Dolan Corporation's balance sheet December 31, 2016 December 31, 2015 Interest Receivable $18,200 $15,000 Salaries Wages Payable $17,800 $ 8,400 Prepaid Insurance $ 2,200 $ 3,000 Inventory $33,000 $50,000 Accounts Payable $20,000 $35,500 a Using the above information, determine Cash Received for Interest during 2016 $ Blank1 b Using the information presented in Question 11 above, determine the amount of Salary Expense reported on the 2016 accrual based Income Statement $ Blank1 c Using the information presented in Question 11 above, determine the amount of Insurance Expense reported on the 2016 accrual based Income Statement $ Blank1 d Using the information presented in Question 11 above, determine the amount of Cost of Goods Sold (COGS) that was reported on the 2016 accrual based Income Statement $ Blank1

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USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (4) QUESTIONS: The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000. The Cash

USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (4) QUESTIONS:

The Income Statement of Dolan Corporation for 2016 included Interest Revenue for $131,000. The Cash ledger for the company for 2016 showed $160,600 cash paid for salaries, $14,400 cash paid for insurance, and $360,000 cash paid for inventory purchases. The following balances have been excerpted from Dolan Corporation's balance sheet:

December 31, 2016	December 31, 2015
Interest Receivable	$18,200	$15,000
Salaries & Wages Payable	$17,800	$ 8,400
Prepaid Insurance	$ 2,200	$ 3,000
Inventory	$33,000	$50,000
Accounts Payable	$20,000	$35,500

a. Using the above information, determine Cash Received for Interest during 2016: $[Blank1]

b. Using the information presented in Question #11 above, determine the amount of Salary Expense reported on the 2016 accrual based Income Statement: $[Blank1]

c. Using the information presented in Question #11 above, determine the amount of Insurance Expense reported on the 2016 accrual based Income Statement: $[Blank1]

d. Using the information presented in Question #11 above, determine the amount of Cost of Goods Sold (COGS) that was reported on the 2016 accrual based Income Statement: $[Blank1]