As of December $31,$ Year $2,$ Colt Vahn inc. had the following balances:

Cash of $$324,000324,000$

Notes payable of $$96,00096,000$

Common stock of $$33,00033,000$

During Year $3,$ Moss

Earned $$42,000$ of cash revenue, $42,000$

Paid $$23,000$ for cash expenses, $23,000$

Paid a $$3,600$ cash dividend to the stockholders. $3,600$

Required: Determine the amount of expenses as of January $1,$ Year $3$

Answer: