Cash paid during the year for expenses is $41,990. Calculate the amount of expense that should be reported on the income statement.

The records for Todd Inc. showed the following for 2017: Jan. 1 Dec. 31 Accrued expenses $1,420 $1,950 Prepaid expenses 660 960 Cash paid during the year for expenses, $41,990 Calculate the amount of expense that should be reported on the income statement