Question: Please show me how you derived your answer to this problem and the thought process behind it. I really appreciate the help. Problem: Aaron Inc.

Please show me how you derived your answer to this problem and the thought process behind it. I really appreciate the help.

Problem:

Aaron Inc. reported operating expenses during 2011 of $765,000 (including $80,237of depreciation expense). Prepaid expenses increased $22,866 while accrued liabilities increased $41,002. How much cash was paid for operating expenses during 2011?

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