23 The financial statements of New World, Incorporated, provide the following information for the current year: 3.33 points References December 31 January 1 Accounts receivable $281,000 $321,500 Inventory $272,500 $260,000 Prepaid expenses $70,400 $67,000 Accounts payable (for merchandise) $249,300 $237,550 Accrued expenses payable $66,150 $76,450 Net sales $3,137,500 Cost of goods sold $1,651,500 Operating expenses (including depreciation of $57,000 ) $375,500 What is the amount of New World's cash payments for operating expenses during the current year