Comparative financial statements for Star Company are shown below: Star Company Balance Sheets December 31, 2017 and 2018 Assets 20172018 Current assets : Cash$18,000 $15,000 Accounts receivable25,00022,000 22.000 20.000 Inventory Prepaid expenses 10,000 14,000 Total current assets$ 75,000 $ 25,0007.000 80,000 77.000 Long-term investments Property, plant, and equipment Less: Accumulated depreciation Net property, plantand equipment 64000 61.000 16,000 16.000 Total assets $116,000 $94.000 Liabilities and Stockholders ' Equity Current liabilitles: Accounts payable 8,000$ 5,000 Accrued 000 Total current liabilties $$ 17.400 Bonds payable Less Discount on BIP 4.000 3.000 Deferred income tax liability 15,0004,000 Total liabilities $56,000 $28,400 Stockholders' equity: Common stock 16,00024,000 4,000 6,000 Paid-in capital Retained earnings 40,000 35,600 60,000 65,600 Total stockholders' equity Total liabilities and stockholders' equity$ 116,000 $94,000 Star Company Income Statement For the Year Ended December 31, 2018 Sales $ 77,000 40.000 $37,000 Cost of goods sold Gross margin Operating expenses Net operating income Loss on sale of equipment 20.000 $17.000 4,000 Interest expense Income before taxes $6.000 Income tax expense 2.400 Net Income $3,600 Additional data on activities during 2018 as follows: Operating Expenses included expense in the amount of 5.000, During 2018Star Company sold used equipment for $3,000 that had a cost of \$15,000 with accumulated depreciation of $8,000. New equipment was purchased for $12,000 cash. Cash dividends totaling \$8,000 were paid . What is the amount of cash paid for operating expenses ?