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Sheridan Corporation reports operating expenses of $205,000, including depreciation expense of $32,000, amortization expense of $6,000, and a gain of $1,700 on the disposal of
Sheridan Corporation reports operating expenses of $205,000, including depreciation expense of $32,000, amortization expense of $6,000, and a gain of $1,700 on the disposal of equipment during the current year. During this same period, prepaid expenses increased by $13,600 and accrued expenses payable decreased by $5,200. Calculate the cash payments for operating expenses.
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