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The following selected account balances we re taken from Buckeye Company's general ledger at Januar y 1, 2025 and December 31, 2025: January 1
The following selected account balances we re taken from Buckeye Company's general ledger at Januar y 1, 2025 and December 31, 2025: January 1 Dec ember 31 Accounts payable $ 25,000 17,000 Accounts receivable $ 42,000 36,000 Common stock 180,000 Inventory $110,000 $ 25,000 A A 28,000 Investments $ 43,000 SA 45,000 Land $ 60,000 73,000 Notes payable $100,000 60,000 Retained earnings $ 40,000 98,000 Salaries payable $ 19,000 SA SA A 11,000 Buckeye Company's 2025 income statement is given below: Sales revenue $420,000 Cost of goods sold $296,000 Salaries expense $ 93,000 Gain on sale of investments $ 32,000 $ 63,000 Net income During 2025 Buckeye Company paid $38,000 c ash to purchase investments. Calculate the amount of cash paid to emplo yees for salaries during 2025.
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