Cridberg Corporation's selling and administrative expenses for last year totaled $262,000. During the year the company's prepaid expense account balance increased by $19,000 and accrued liabilities decreased by $13,000. Depreciation for the year was $27,000. Based on this information, selling and administrative expenses adjusted to a cash basis under the direct method on the statement of cash flows would be: Multiple Choice $257,000 $321,000 $203,000 $267,000