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A company reported annual wages expense of $696,000 and insurance expense of $84,000 . During the year, wages payable decreased from an $36,000 beginning balance

A company reported annual wages expense of $696,000 and insurance expense of $84,000 . During the year, wages payable decreased from an $36,000 beginning balance to a $26,400 ending balance, and prepaid insurance decreased from a $180,000 beginning balance to a $108,000 ending balance. How much cash was paid to employees as wages and paid for insurance during the year?

Select one:

a. $705,600 for wages and $156,000 for insurance

b. None of these are correct

c. $696,000 for wages and $84,000 for insurance

d. $705,600 for wages and $12,000 for insurance

e. $686,400 for wages and $12,000 for insurance

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