Cridberg Corporation's selling and administrative expenses for last year totaled $282,000. During the year the company's prepaid expense account balance increased by $29,000 and accrued liabilities decreased by $23,000. Depreciation for the year was $47,000. Based on this information, selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would be:

Multiple Choice

• $277,000

• $381,000

• $183,000

• $287,000