Reema has a small travel agency. She applies cash basis accounting to determine her net income from the business. In 2021, the agency collected cash of $230,000 from customers, and paid $180,000 in expenses. Reema wants to calculate her expenses for the year, using the accrual basis of accounting. To do so, she provided the following information:

Item

Balance on 1/1/2021 ($)

Balance on 31/12/2021 ($)

Prepaid Expenses

6,000

8,200

Salaries payable

2,000

5,300

Interest payable

0

1,500

How much are her operating expenses for 2021, using the accrual basis?

(When writing your answer do not use commas or sign of the dollar. For example, if your answer is $1,500, write it as 1500)