selected information for 2014 for the truly green company follows 610983

Selected information for 2014 for the Truly Green Company follows:

Total operating expenses (accrual basis) (includes depreciation and amortization)

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$200,000

Beginning prepaid expenses

10,000

Ending prepaid expenses

12,000

Beginning accrued liabilities

16,000

Ending accrued liabilities

19,000

Depreciation of plant assets

28,000

Amortization of intangible assets

7.500

Payment of cash dividends

5,000

The amount of cash payments made during 2014 for operating expenses is:

  1. $234,500.
  2. $165,500.
  3. $163,500.
  4. $160,500.
  5. None of these.
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