Sheffield Corp. reported operating expenses of $377000 for 2021. The following data were extracted from the companys financial records:

	12/31/20	12/31/21
Prepaid Expenses	$ 60200	$68600
Accrued Expenses	210100	250000

On a statement of cash flows for 2021, using the direct method, cash payments for operating expenses should be

$345500.

$425300.

$408500.

$328700.