California Condos
California Condos Uses the Accrual Basis of Accounting

California Condos
California Condos uses the accrual basis of accounting, and had the following account balances on its financial statements at December 31, Year 1.
$\begin{array}{lr}\text { Rent revenue } & \$ 340,000 \\\text { Accounts receivable } & 89,200 \\\text { Utilities payable } & 12,000 \\\text { Rent expense } & 22,000 \\\text { Unearned revenue } & 17,000\\\text { Depreciation expense } & 12,000 \\\text { Salaries expense } & 45,000 \\\text { Salaries payable } & 4,000 \\\text { Retained earnings, January 1 } & 60,000 \\\text { Dividends } & 2,500 \\\text { Interest revenue } & 10,000\end{array}$
-Refer to California Condos.On January 1,there was a zero balance in the salaries payable account.How much cash did the company pay for salaries during the year?