Cridberg Corporation's selling and administrative expenses for last year totaled $290,000. During the year the company's prepaid expense account balance increased by $33,000 and accrued liabilities decreased by $27,000 Depreciation for the year was $55,000. 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 $285,000 $405,000 $175,000 $295.000