View Policies Current Attempt in Progress Use the following...

View Policies Current Attempt in Progress Use the following information regarding Oriole Company and Ivanhoe Company to answer the question "Which of the foll dolar)?" Year Inventory Turnover Ending Inventory Oriole Company 2020 $26330 2021 9.1 $29930 2022 7.8 $30430 Ivanhoe Company 2020 $25730 2021 6.6 $24820 2022 7.2 $22780 $255983 $237354 $272363 $273277

The income statement of Oriole Company is presented here. ORIOLE COMPANY Income Statement For the Year Ended November 30, 2022 Sales revenue $7,521,200 Cost of goods sold Beginning inventory $1,952,100 Purchases 4,478,700 Goods available for sale 6,430,800 Ending inventory 1,749,300 Total cost of goods sold 4,681,500 Gross profit 2,839,700 Operating expenses Selling expenses 447,000 Administrative expenses 698,200 1,145,200 Net income $1,694,500 Additional information: 1. Accounts receivable decreased $403,600 during the year, and inventory decreased $202,800. 2. Prepaid expenses increased $173,600 during the year. 3. Accounts payable to suppliers of inventory decreased $330,900 during the year. 4. Accrued expenses payable decreased $106,500 during the year. 5. Administrative expenses include depreciation expense of $100,100. What is the Cash Payment for Operating expenses?

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