(APPENDIX 11A) CASH PAYMENTS FOR OPERATING EXPENSES Luna Inc. reported operating expenses of $130,000, excluding depreciation expense of

$36,000 for 2009. During 2009, Luna reported a decrease in prepaid expenses of

$12,500 and a decrease in accrued liabilities of $18,200.

Required:

Compute the amount of cash payments for operating expenses.

Exercises Exercise