15. The financial statements of Garver, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivable $ 70,000 $ 80,000 Inventory $ 110,000 $ 102,000 Prepaid expenses $ 24,000 $ 28,000 Accounts payable (for merchandise) $ 66,000 $ 64,000 Accrued expenses payable $ 30,000 $ 40,000 Net sales $ 520,000 Cost of goods sold $ 260,000 Operating expenses (including depreciation of $36,000) $ 160,000 Compute the cash payments for operating expenses. Select one: a. $146,000 b. $118,000 c. $162,000 d. $130,000