Determining Selected Amounts for Cash Flows from Operating ActivitiesDirect 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 Accrued expenses payable (operating ekpenses) $5,570 $6,090 1 Accounts payable (merchandise creditors) ' ' 35,240 38,900 I Inventories 66,280 72,040 During the current year, the cost of merchandise sold was $363,200, and the operating expenses other than depreciation were $75,100. The direct method is used for presenting the cash ows from operating activities on the statement of cash ows. a. Determine the amount reported on the statement of cash ows for cash payments for merchandise. Q h. Determine the amount re {:3 ported on the statement of cash flows for cash payments for operating expenses