Solve the problem.Budget Summary for the Wonderful Widget Company (all amounts in thousands of dollars)
Assume that for 2018, total receipts are $1,036,214, operating expenses are $618,312, employee benefits are $209,299, security costs are$123,570, and interest on debt is $63,000. Calculate the year-end surplus or deficit.
A. $813,771.00
B. $690,201.00
C. $22,033.00
D. $148,033.00
Answer: C
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