The financial statements of New World, Incorporated, provide the following information for the current year: Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) December 31 $ 275,000 $ 265,000 $ 68,000 $ 240,300 $ 66,150 $ 3,107,500 Accrued expenses payable Net sales. Cost of goods sold Operating expenses (including depreciation of $51,000) $ 1,633,500 $ 369,500 What is the amount of New World's cash payments for operating expenses during the current year? January 1 $ 261,500 $ 254,000 $ 64,000 $ 225,550 $ 73,450 Multiple Choice $322,500 $325,800 ve & Exit