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37. Laredo Company reported the following account balances on its income statement: cost of goods sold $320,000, rent expense $30,000, and salary expense $90,000. During

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37. Laredo Company reported the following account balances on its income statement: cost of goods sold $320,000, rent expense $30,000, and salary expense $90,000. During the year, prepaid rent went up by $5,000, accounts payable went down by $4,000, sa lary payable went up by $3,000, and inventory went down by $2,000. Determine the amount of cash paid for rent. $25,000 $28,000 $35,000 $30,000 $31,000 of

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