Determining Selected Amounts for Cash Flows from Operating Activities-Direct Method Selected data taken from the accounting records of Ginis Inc. for the current year ended December 31 are as follows: Balance, December 31 Balance, January 1 $5,130 $5,610 Accrued expenses payable (operating expenses) Accounts payable (merchandise creditors) 41,490 45,800 Inventories 79,510 86,420 Prepaid expenses 2,920 3,500 During the current year, the cost of merchandise sold was $454,400, and the operating expenses other than depreciation were $70,100. The direct method is used for presenting the cash flows from operating activities on the statement of cash flows. a. Determine the amount reported on the statement of cash flows for cash payments for merchandise. b. Determine the amount reported on the statement of cash flows for cash payments for operating expenses