23. Operating expenses other than depreciation for the year were $400,000. Accrued expenses increased by $35,000. What are the cash payments for operating expenses reported on the cash flow statement using the direct method? 24. Red Line, Inc. has a cash balance of $80,000, short-term investments of $20,000, net receivables of $60,000, and inventory of $450,000. Current liabilities total $200,000. What's Red Line's quick ratio? 25. River City, Inc. reported the following for 2018: Net sales $220,000 Net income $37,000 Market price per share of common stock $28.75 Dividends $4,100 Average number of shares of common stock outstanding 10,000 What are the earnings per share for River City, Inc. (to the nearest cent)