Fill in the blank for each of the following situations. LO1 LO2 Example 12-2 LO3 Example 12-1 LO4 Example 12-4, 12-5 LO5 Balance Sheet Beginning Ending Income Statement Cash Infl ow (Outfl ow) 1....

Fill in the blank for each of the following situations. LO1 LO2 Example 12-2 LO3 Example 12-1 LO4 Example 12-4, 12-5 LO5 Balance Sheet Beginning Ending Income Statement Cash Infl ow (Outfl ow) 1. Accounts receivable $2,000 $5,000 Sales on account, $15,000 $ ____________ 2. Prepaid insurance $4,000 $3,000 Insurance expense, $7,000 $ ____________ 3. Income taxes payable $6,000 $9,000 Income tax expense, $20,000 $ ____________ 4. Wages payable $5,000 $3,000 Wages expense, $25,000 $ ____________