The Following Information Was Provided from the Records of Konstruct

question 85

Multiple Choice

The following information was provided from the records of Konstruct Inc, which began operations in the current year: $$\begin{array} { | l | r | } \text { Accrued expenses (payable) , end of year } & \$ 30,000 \\\hline \text { Sales revenue (cash and credit) } & 325,000 \\\hline \text { Prepaid expenses, end of year } & 15,000 \\\hline \text { Cash collected on customer accounts during the year } & 31,000 \\\hline \text { Cash paid for expenses (including prepaid expenses and cost of } & 207,000 \\\text { goods sold) } & \\\hline\end{array}$$ What were the company's expenses for the year?

• A)$192,000
• B)$207,000
• C)$222,000
• D)$237,000