Exercise 12-14 The following information is taken from the 2019 general ledger of Monty Corp.. Rent Rent expense Prepaid rent, January 1 $ 40,000 Prepaid rent, December 31 5,900 8,300 Salaries Study Salaries and wages expense Salaries and wages payable, January 1 Salaries and wages payable, December 31 $ 65,500 11,500 8,100 Sales Sales revenue Accounts receivable, January 1 Accounts receivable, December 31 $170,200 18,900 7,100 In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct method Cash payments for rent Cash payments for salaries Cash receipts from customers Click if you would like to Show Work for this question: Open Show Work