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Andy Company had a cash balance on May 1 of $27,000. At the end of May, the cash balance has increased to $31,000. During the

Andy Company had a cash balance on May 1 of $27,000. At the end of May, the cash balance has increased to $31,000. During the month of May, Andy received cash of $48,000 from various sources. Based on this information, cash payments for the month of May were:

$44,000
$75,000
$27,000
$31,000

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