Given the following balance sheet and income statement data for the year ended December 31, what are the daily cash expenses for the year (rounded to the nearest dollar)? Cash $300,000 Short-term investments 400,000 Accounts receivable 900,000 Total operating expenses 640,000 Depreciation expense 160,000 a. $1,315 b. $1,753 c. $438 d. $2,192