Excel Corporation reports operating expenses of ($ 90,000) excluding depreciation expense of ($ 15,000) for 1996. During

Question:

Excel Corporation reports operating expenses of $\$ 90,000$ excluding depreciation expense of $\$ 15,000$ for 1996. During the year prepaid expenses decreased $\$ 6,600$ and accrued expenses payable increased $\$ 4,400$. Compute the cash payments for operating expenses in 1996.

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