The financial statements of Seldin, Incorporated, provide the following Information for the current year. 17 Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Cost of goods sold Operating expenses (including depreciation of $17,700) 00:4LOH December 31 $ 32,000 $ 52,000 $ 11,700 $ 30,000 $ 14,700 $ 245,000 $ 122,500 $ 77,000 January 1 $ 37,000 $ 48,000 $ 13, 700 $ 29,000 $ 19,700 eBook What is the amount of Seldin's cash payments for operating expenses during the current year? Multiple Choice $62,300 O 596,300 O $70.000 O $7000