Reference no: EM132465793

Zena Company's financial records showed the following selected items for 2015:

Advertising receipts                     $450,000

Land rental revenues                  $560,000

Interest paid on borrowings          $120,000

Wage expense                          $290,000

Zena follows the accrual basis of accounting. The following balances were taken from Zena's balance sheets:

                                         12-31-14             12-31-15

Advertising receivables            28,000               31,000

Prepaid advertising costs         40,000               36,000

Wages payable                     30,000                32,000

Interest payable                  62,000             61,000

Unearned land rental revenue    45,000          50,000

Question a. What were advertising-related revenues for 2015?

Question b. What was interest expense for 2015?

Question c. How much cash was paid out for wages and salaries during 2015?

Question d. How much cash was collected for land rentals during 2015?