12)

Aquatic Company is a distributor of swimming pool equipment. During 20Y3, Aquatic reported selling and administrative expenses of $688,000. During 20Y3, the balance of Aquatic's prepaid insurance account increased by $32,000 and the balance of its accrued wages payable account decreased by $26,000. Aquatic recognized $35,000 of depreciation expense in 20Y3. What were Aquatic's cash payments for selling and administrative expenses during 20Y3 ? $647,000 $659.000 $781,000 $711,000 None of the above