eBook Question Content Area Determining selected amounts for cash flows from (used for) operating activitiesdirect method Selected data taken from the accounting records of Ginis Inc. for the current year ended December 31 are as follows: Line Item Description Balance, December 31 Balance, January 1 Accrued expenses payable (operating expenses) $12,650 $14,030 Accounts payable (merchandise creditors) 96,140 105,800 Inventories 178,020 193,430 Prepaid expenses 7,360 8,970 During the current year, the cost of goods sold was $1,031,550, and the operating expenses other than depreciation were $179,400. The direct method is used for presenting the cash flows from (used for) operating activities on the statement of cash flows. a. Determine the amount reported on the statement of cash flows for cash payments for merchandise. fill in the blank 1 of 1$ b. Determine the amount reported on the statement of cash flows for cash payments for operating expenses. fill in the blank 1 of 1$