View Policies Current Attempt in Progress Sheffield Corp. paid or collected during 2020 the following items: Insurance premiums paid $31100 Interest collected 70700 Salaries paid 281200 The following balances have been excerpted from Sheffield's balance sheets: December 31, 2020 December 31, 2019 Prepaid insurance $2540 $3160 Interest receivable 7320 5200 Salaries and wages payable 24500 20900 The interest revenue on the income statement for 2020 was O $58180. $72820. O $68580. O $83220. Save for Later Attempts: 0 of 1 used Submit