Western Sound Studios records and masters audio tapes of popular artists in live concerts. The performers use the tapes to prepare "live" albums, CDs, and MP3s. The following account balances were available at the beginning of 2019: Accounts Payable $11,900 Accounts Receivable 384,000 Cash 16,300 Common Stock 165,000 Insurance Payable 1,000 Interest Payable 11,200 Notes Payable (Long-term) 100,000 Rent Payable (Building) 10,000 Retained Earnings, 12/31/2018 101,200 vunny cury, the following transactions occurred (the events described below are aggregations only individual events): a. Taping services in the amount of $994,000 were billed. b. The accounts receivable at the beginning of the year were collected c. In addition, cash for $983,000 of the services billed in Transaction a was collected. d. The rent payable for the building was paid. In addition, $48,000 of building rental costs was paid in cash. There was no rent payable or prepaid rent at year-end. e. The insurance payable on January 1 was pald. In addition, $4,000 of insurance cost was paid in cash. There was no insurance payable or prepaid insurance at year-end. f. Utilities expense of $56,000 was incurred and paid in 2019. 9. Salaries expense for the year was $702,000. All $702,000 was paid in 2019. The interest payable at January 1 was paid. During the year, an additional $11,000 of interest was paid. At year-end no interest was payable. i. Income taxes for 2019 in the amount of $19,700 were incurred and paid. 3. Post your journal entries to the appropriate T-accounts. If a balance is zero, please enter ze Cash Beg. Bal. 384,000 d Be e 994,000 f TIINI En g h i End. Bal. 13780001 Accounts Receivable Beg. Bal. End. Bal