The financial statements of New World, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivable $ 273,000 $ 241,500 Inventory $ 262,500 $ 252,000 Prepaid expenses $ 67,200 $ 63,000 Accounts payable (for merchandise) $ 237,300 $ 221,550 Accrued expenses payable $ 66,150 $ 72,450 Net sales $ 3,097,500 Cost of goods sold $ 1,627,500 Operating expenses (including depreciation of $94,500) $ 367,500 Compute the amount of New World's cash payments for operating expenses.