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Use the Following Information for the Following Questions:
During the 2020

Question 59

Multiple Choice

Use the following information for the following questions:
During the 2020 calendar year, Purple Corp. paid or collected the following items:
 Insurance premiums paid................... $14,200 Interest collected................................ 21,700 Salaries paid....................................... 131,300\begin{array}{llcc} \text { Insurance premiums paid................... } &\$14,200 \\ \text { Interest collected................................ } &21,700\\ \text { Salaries paid....................................... } &131,300\\\end{array}
As well, the comparative statement of financial position showed the following balances:
 December 31,2019  December 31,2020 Prepaid Insurance..................... $1,400$1,500 Interest Receivable..................... 2,8002,100Salaries Payable.......................... 14,70012,900   \begin{array}{cccc}&\underline{ \text { December 31,2019 } }&\underline{ \text { December 31,2020} }\\ \text { Prepaid Insurance..................... } &\$1,400&\$1,500 \\ \text { Interest Receivable..................... } &2,800&2,100\\ \text {Salaries Payable.......................... } &14,700&12,900\\ \text { } &\\ \text { } &\\ \text { } &\\\end{array}

-The interest revenue on the 2020 statement of comprehensive income was


A) $ 22,400.
B) $ 21,700.
C) $ 19,600.
D) $ 21,000.

Correct Answer:

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