eBook Exercise 3-12 Relationship of Expenses to Cash Paid Wipro Company's income statement included the following expenses for 2014: Rent expense Interest expense Salaries expense The related balance sheet account balances at year end for last year and this year follow $ 78,000 11,700 124,500 Last year This year 1,350 Prepaid rent Interest payable Salaries payable $1,800 7,500 18,000 1. Compute the cash paid for rent during the year. 2. Compute the cash paid for interest during the year. 3. Compute the cash paid for salaries during the year