The income statement of PAAST Corporation for 2025 included…
The income statement of PAAST Corporation for 2025 included the following items: Interest revenue $141,000 Salaries and wages expense 210,000 Insurance expense 21,200 The following balances have been excerpted from PAAST Corporation’s balance sheets: December 31, 2025 December 31, 2024 Interest receivable $18,200 $15,000 Salaries and wages payable 17,800 8,400 Prepaid insurance 2,200 3,000 The cash paid for salaries and wages during 2025 was