Exercise 196 The income statement for Jones Company showed cost of goods sold of $80,000 and operating expenses of $65,000. The comparative balance sheets for the year show that inventory decreased $5,000, prepaid expenses increased $7,000, accounts payable increased $3,000, and accrued expenses payable decreased $5,000. Compute cash payments to suppliers and cash payments for operating expenses using the direct method. Cash payments to suppliers Cash payments for operating expenses Click if you would like to show Work for this question: Open Show Work