Pilot Company had operating expense of ($ 40,000). At the beginning of the year, Pilot owed ($
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Pilot Company had operating expense of \(\$ 40,000\). At the beginning of the year, Pilot owed \(\$ 8,000\) on accrued liabilities. At year-end, accrued liabilities were \(\$ 4,000\). How much cash did Pilot pay for operating expenses?
a. \(\$ 32,000\)
b. \(\$ 36,000\)
c. \(\$ 44,000\)
d. \(\$ 45,000\)
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