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Kaleb, Inc. mistakenly reported its expenses of $56,673 on the cash basis. Corporate records revealed...

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Accounting

Kaleb, Inc. mistakenly reported its expenses of $56,673 on the cash basis.

Corporate records revealed the following information:

Beginning prepaid expense 1,546
Beginning accrued expense 1,677
Ending prepaid expense 1,834
Ending accrued expense 1,292

What amount of expense should the Kaleb company report on its books under the accrual basis?

$34,250

$43,250

$56,000

$56,131

$57,000

$57,346

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