Lion Ltd reported the following information for the financial year ended 30 June 20X1:

Expenses (excluding depreciation and doubtful debts) were $410,000

Decrease in the Prepaid Insurance account over the year was $60,000

Decrease in the Accrued Expenses account over the year was $10,000

Required:

Write in the box below the net cash paid by Lion Ltd for expenses during the year ended 30 June 20X1. Do not include any dollar signs, negative signs, brackets, commas or spaces in your answer.

show all workings for the previous question.