Cengageo.2 One X Mind top Cengagerar 8px/2 cow.com/gmentando entorprogress Chapter 13 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 Accrued expenses payable (operating expenses) $6,850 $7,490 Accounts payable (merchandise creditors) 37,300 41,170 Inventories 71,190 77,380 Prepaid expenses 3,910 4,690 During the current year, the cost of merchandise sold was $401,200, and the operating expenses other than depreciation were 593,800. 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. che Type here to search