Determining selected amounts for caish flows from (used for) operating activies-direct inethod Selected data taken from the accounting records of Gunis Inc, for the current vear ended December 31 are as follows: Durng the curtent year, the cost of goods sold was $1,031,550, and the operating expenses other than depreciation were $179,400, The direct method is used for presenting the cash flows from (used for) operating activites on the statement of cash flows. a. Determine the arnount reported on the statenent of cash floms for cash parments for merchandse. 3 b. Determine the amount ceparted on the statement of cash flows for canh poyments for operating expenves