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The financial statements of New World, Inc., provide the following information for the current year: Dec.31 $ S Accounts receivable Inventory Prepaid expenses Accounts payable
The financial statements of New World, Inc., provide the following information for the current year: Dec.31 $ S Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $94,500). 273,000 262,500 67,200 237,300 66.150 $ 3,097,500 $ 1,627,500 A A A Asses Jan.1 241,500 $ 252,000 $ 63,000 $ 221,550 $ 72,450 $ 367,500 Compute the amount of New World's cash payments for operating expenses (employees) $277,200 $283,500 $378,000 $349,650
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