The records for OTC Inc.showed the following for 20x2: 
Cash paid during the year on expenses,$4,000.
The amount of expense that should be reported on the income statement is: $__________________________.
Definitions:
Working Capital
The difference between a company's current assets and current liabilities, indicating the liquidity available for running day-to-day operations.
Annual Cost Savings
The reduction in expenses that a company achieves within one year through cost-cutting measures or process improvements.
Pretax Return
The income or profit that a company generates before any taxes have been applied.
Discount Factor(s)
A mathematical factor used to calculate the present value of a future amount of money or stream of cash flows.
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