Wildhorse & Associates maintains its records on the cash basis. You have been engaged to convert its cash basis income statement to the accrual basis. The cash basis income statement, along with additional information, follows:

Wildhorse & Associates Income Statement (Cash Basis) For the Year Ended December 31, 2020
Cash receipts from customers				$463,400
Cash payments:
Salaries and wages		$160,000
Income taxes		59,700
Insurance		41,000
Interest		28,700		289,400
Net income				$174,000

Additional information:

		Balances at 12/31
		2020		2019
Accounts receivable		$48,700		$30,600
Salaries and wages payable		10,900		21,300
Income taxes payable		23,900		18,800
Prepaid insurance		6,600		4,000
Accumulated depreciation		102,100		83,200
Interest payable		2,850		8,700

No plant assets were sold during 2020. Prepare the income statement as per accrual basis.

PD: the answer on the insurance expenses ( $43600) is wrong, can you help me with the right answer!