The following information applies to the questions displayed below] The financial statements of New World, Inc.. provide the following information for the current year Dec. 31 Accounts receivable Inventory Prepaid expenses Accounts payable (for merchandise) Accrued expenses payable Net sales Coat of goods sold s 273, 000 241,500 $ 262, 500 252,000 $7,200 63,000 237, 300 s 221,550 $ 66, 150 72, 450 t of goods $3,097,500 $1,627,500 Operating expenses (including depreciation of 94,500)367, 500 Compute the amount of New World's cash payments for operating expenses Select one O a. $277,200 O b. $283,500 O c. $378,000 O d. $349,650