Rushmore Company started the year with $6,900 in accounts payable. During the year, the company provided services on account for $48,800. Rushmore incurred $37,900 expenses on account during the year, and by year end the balance in accounts payable was $25,900. Assuming that these are the only accounting events that affected Rushmore, how much of the accounts payable did the company pay off during the year? Multiple Choice $60,800 $29,800 $67,700 $18,900