Cridberg Corporation's selling and administrative expenses for last year totaled $292,000. During the year the company's prepaid expense account balance increased by $34,000 and accrued liabilities decreased by $28,000. Depreciation for the year was $57,000. 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:

$287,000

$297,000

$173,000

$411,000