Luna Inc. reported operating expenses of $130,000, excluding depreciation expense of $36,000 for 2009. During 2009, Luna

Question:

Luna Inc. reported operating expenses of $130,000, excluding depreciation expense of $36,000 for 2009. During 2009, Luna reported a decrease in prepaid expenses of $12,500 and a decrease in accrued liabilities of $18,200.

Required:
Compute the amount of cash payments for operating expenses.