Elliot Enterprises had operating expenses of $51,000. At the beginning of the year, Elliot Enterprises owed $10,000 on accrued liabilities. At year-end, accrued liabilities were

$17,000. How much cash did Elliot Enterprises pay for operating expenses?

a. $41,000

b. $44,000

c. $61,000

d. $58,000 AppendixLO1