Clare Company had total operating expenses of $185,000 in 2017, which included Depreciation Expense of $36,000. Also, during 2017, prepaid expenses increased by $8,000 and accrued expenses decreased by $7,600.
Instructions
Calculate the amount of cash payments for operating expenses in 2017 using the direct method.

Question

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The Answer of Clare Company had total operating expenses of $185,000 in 2017, which included Depreciation Expense of $36,000. Also, during 2017, prepaid expenses increased by $8,000 and accrued expenses decreased by $7,600.
Instructions
Calculate the amount of cash payments for operating expenses in 2017 using the direct method.

Clare Company Had Total Operating Expenses of $185,000 in 2017