Excel Corporation reports operating expenses of ($90,000) excluding depreciation expense of ($15,000) for 2002. During the year

Question:

Excel Corporation reports operating expenses of $$90,000$ excluding depreciation expense of $$15,000$ for 2002. During the year prepaid expenses decreased $$6,600$ and accrued expenses payable increased $$4,400$. Compute the cash payments for operating expenses in 2002.

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