Vaughn Manufacturing paid or collected during 2020 the following items: $30900 Insurance premiums paid Interest collected Salaries paid 70400 280500 The following balances have been excerpted from Vaughn's balance sheets: December 31, 2020 December 31, 2019 Prepaid insurance $2520 $2860 Interest receivable 7480 6040 Salaries and wages payable 24600 21500 The interest revenue on the income statement for 2020 was $83920 $68960 $71840. O $56880