Question: Davis Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014:Operating expenses, $26,000Accrued

Davis Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014:Operating expenses, $26,000Accrued Liabilities, beginning balance, $3,000Accrued Liabilities, ending balance, $5,000What amount was paid to suppliers for operating expenses on a cash basis?

$31,000

$24,000

$29,000

$28,000

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