Fox & Sons Furniture reported accrued liabilities of $12,000 on January 1; on December 31, the account balance was $8,000. Operating expenses for the year totaled $277,000, which included $20,000 of...

Fox & Sons Furniture reported accrued liabilities of $12,000 on January 1; on December 31, the account balance was $8,000. Operating expenses for the year totaled $277,000, which included $20,000 of depreciation expense and $80,000 of salaries expense. The amount of payments for operating costs reported on the company’s statement of cash flows will be