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Business, 03.05.2021 20:00 missfuture2020p5umxt

Hilliard Company, a small consulting firm, charges all of its operating expenses on Accounts Payable. On January 1, Year 2, Hilliard's Accounts Payable balance was $24,000 and, during Year 2, an additional $132,000 of operating expenses were charged on account. On December 31, Year 2, the Accounts Payable balance was $53,600. What is the amount of cash paid for expenses during Year 2

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