The adjusted trial balances of Tower Development Inc. for March 31, 2016, and March 31, 2017, include these amounts (in millions):
__________________________________________________ 2017 __________ 2016
Receivables ............................................................................... $300 ................$200
Prepaid insurance ....................................................................... 180 ..................110
Accrued liabilities (for other operating expenses) ..................... 700 .................. 600
Tower Development completed these transactions during the year ended March 31, 2017.
Collections from customers .............................................................................. $20,800
Payment of prepaid insurance ................................................................................. 400
Cash payments for other operating expenses ........................................................ 4,100
Compute the amount of sales revenue, insurance expense, and other operating expense to report on the income statement for the year ended March 31, 2017?