14. Selected data for the current year ended December 31 are as follows: Balance December 31 January l $29,500 22,000 135,000 68,000 20,000 Balance Accrued expenses (operating expenses) Accounts payable (merchandise creditors) Inventories Prepaid expenses 90,000 42,500 23,000 During the current year, the cost of merchandise sold was $620,000 and the operating expenses other than depreciation were $142,000. The direct method is used for presenting the cash flows from operating activities on the statement of cash flows. Determine the amount reported on the statement of cash flows for (a) cash payments for merchandise and (b) cash payments for operating expenses