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[The following information applies to the questions displayed below.] The financial statements of Seldin, Inc., provide the following information for the current year: Dec.31 Jan.1

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[The following information applies to the questions displayed below.] The financial statements of Seldin, Inc., provide the following information for the current year: Dec.31 Jan.1 Accounts receivable $35,000 $40,000 Inventory $55,000 $51,000 Prepaid expenses $12,000 $14,000 Accounts payable (for merchandise) $33,000 $32,000 Accrued $15,000 $20,000 Net sales $260,000 Cost of goods sold $130,000 Operating expenses (including depreciation of $18,000) $80,000 expenses payable Compute the amount of Seldin's cash payments for operating expenses. Select one: O A. $73,000 O B. $65,000 O C. $59.000 O D. $81,000

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