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Lawrence Company reported the following account balances on its income statement: cost of goods sold$500,000, rent expense$48,000, and salary expense$75,000. During the year, prepaid rent
Lawrence Company reported the following account balances on its income statement: cost of goods sold$500,000, rent expense$48,000, and salary expense$75,000. During the year, prepaid rent went down by $10,000, accounts payable went down $22,000, salary payable went up $18,000, and inventory went up by $14,000. Determine the amount of cash paid for salaries.
93,000
$57,000
$75,000
$18,000
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