4 1 . Data below came from the comparative trial balance of Ester Company The books are kept on the accrual basis . Included in the operating expenses are depreciation of P 35, 000 and amortization of P 15, 000 . 2003 2002 Accounts receivable 2 , 200 , 000 2 , 450 , 000 Interest receivable 8, 000 17, 000 Inventories 4 , 200 , 000 4 , 050 , 000 Prepaid insurance 50, 000 20, 000 Accounts payable 3, 640, 000 3 , 450 , 000 Other operating expenses 250 , 000 150 , 000 payable Net sales 12 , 000 , 000 Interest revenue 65, 000 Cost of goods sold 8, 000, 000 Insurance expense 500 , 000 Other operating expense 950, 000 Cash paid for operating expenses during the year amounted to A . 1 , 330 , 000 B . C. 1 , 400 , 000 1 , 380 , 000 D. 800, 000