(Answered) The income statement of dolan corporation for 2016 included

Accounting

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:

b. Using the information presented in Question above, determine the amount of Salary Expense reported on the 2016 accrual based Income Statement:

c. Using the information presented in Question above, determine the amount of Insurance Expense reported on the 2016 accrual based Income Statement:

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

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