Venge Ltd reported interest expense of $79,000 during X2. Venges income tax rate is 30%. Venge provided the following information. Venge prepares its statement of cash flows using the direct method

	12/31/X2	12/31/X1
Interest Payable	24,000	36,000
Premium on Bond Payable	12,000	19,000

How much cash should the company report as being paid for interest expense

• A.

  79,000

• B.

  84,000

• C.

  58,800

• D.

  98,000