This question relates to the following presentation in the balance sheets of Asriel, Inc. at December 31, 2014 and 2013: Current liabilities: 12/31/14 12/31/13 Accounts payable $ 18,400 $ 16,750 Accrued wages payable 3,800 4,430 Accrued property taxes payable 2,200 2,000 Accrued interest payable 1,800 0 a. If wages expense during 2014 totaled $137,600, how much cash was paid for wages? b. If property taxes paid during 2013 totaled $27,350, how much property tax expense was accrued during 2014 ? c. If the interest payable at 12/31/14 had not been accrued at that date, by how much and in what direction (too high or too low) would net income for 2014 have been misstated? d. Why are expenses accrued?