Selected data for the current year ended December 31 are as follows: {:[" Balance, "],[" December 31 "]:} {:[" Balance, "],[" January 1 "]:} Accrued expenses payable (operating expenses) $29,500 $22,000 Accounts payable (merchandise creditors) 90,000 135,000 Inventories 42,500 68,000 Prepaid expenses 23,000 20,000 During the current year, the cost of goods sold was $620,000 and the operating expenses other than depreciation were $142,000. The direct method is used for presenting the cash flows from (used for) operating activities on the statement of cash flows. Determine the amount reported on the statement of cash flows for (a) cash payments for merchandise and (b) cash payments for operating expenses. (a) Cash payments for merchandise: (b) Cash payments fo