Question: Neutral Paints Company uses the direct method for preparing its statement of cash flow. Neutral reports the following information regarding 2017: From the income statement:
Neutral Paints Company uses the direct method for preparing its statement of cash flow. Neutral reports the following information regarding 2017:
From the income statement:
Sales Revenues, $270,000
Cost of Goods Sold, $211,000
Operating Expenses, $33,000
From the balance sheet:
| Beginning Balance | Ending Balance | |
| Accounts Receivable | $14,900 | $18,500 |
| Merchandise Inventory | 24,100 | 18,500 |
| Accounts Payable | 6,100 | 13,500 |
| Accrued Liabilities | 4,300 | 1,700 |
What amount will be shown for payments to suppliers for operating expenses? (Accounts Payable are for purchases of merchandise inventory only, and Accrued Liabilities relate to operating expenses.)
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