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LAC, Inc. began operations in Year 1. The following information is provided at the end of each year: Year 1 Year 2 Salaries expense $

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LAC, Inc. began operations in Year 1. The following information is provided at the end of each year: Year 1 Year 2 Salaries expense $ 350,000 $ 500,000 Salaries payable 50,000 75,070 What would be LAC's cash paid to employees in Year 2? Select one: O a. $425,000 O b. $475,000 O c. $525,000 O d. $550,000 O e. $450,000

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