(Solution) - The adjusted trial balances of King Corporation at March 31 -(2025 Original AI-Free Solution)

Paper Details

The adjusted trial balances of King Corporation at March 31, 2012, and March 31, 2011, include these amounts (in millions):

King completed these transactions during the year ended March 31, 2012.
Collections from customers ......................................... $20,900
Payment of prepaid insurance ............................................ 470
Cash payments for other operating expenses................... 4,200

Compute the amount of sales revenue, insurance expense, and other operating expenses to report on the income statement for the year ended March 31,2012.