XYZ COMPANIES Income and Expense Statement for the year ending December 31, 2022 Sales: $4,380,240 Cost of Goods Sold: $1,401,677

Gross Profit: $2,978,563

Salary Expense: $876,048 Depreciation and Amortization Expense: $657,036 Insurance Expense: $17,521 Interest Expense: $26,281 Loss from sale of patent: $4,380 Profit from the sale of land: $2,190 Total Expenses and others: $1,579,077 Income Before Taxes: $1,399,487 Tax Expense: $419,846 NET INCOME: $979,641

Partial Information from the Comparative Financial Position Statement (Balance Sheet) (Excluding cash, all current asset accounts and current company debts are summarized here.) 31/12/22 31/12/21 change Accounts Receivable: $306,617 $372,320 decrease $65,704 Inventory: $547,530 $438,024 increase $109,506 Prepaid Insurance: $11,827 $6,570 increase $5,256 Accounts Payable: $109,506 $219,012 decrease $109,506 Salaries Payable: $10,951 $4,380 increase $6,570 Interest Payable: $21,901 $17,521 increase $4,380 Taxes Payable: $37,232 $39,422 decrease $2,190

Other Information:

1. During the year, the company sold a piece of land with a book value of $394,222.
2. During the year, the company sold a patent with a book value of $131,407.
3. During the year, the company acquired equipment for $613,234 in cash.
4. During the year, the company issued common shares for $72,274, acquired treasury shares for $3,942, and paid dividends of $5,694.

Determine the Cash paid for salaries.