During the Year,Crapitto Engineering Corporation Has Operating Expenses of $50,000

Multiple Choice

During the year,Crapitto Engineering Corporation has operating expenses of $50,000.There was an increase in prepaid expenses of $5,000 and an increase in accrued liabilities of $7,000.What were Crapitto's cash payments for operating expenses?

A) $43,000
B) $48,000
C) $55,000
D) $57,000