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The income statement for Lily Company showed cost of goods sold of $84.800 and operating expenses of $66,600. The comparative balance sheets for the year

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The income statement for Lily Company showed cost of goods sold of $84.800 and operating expenses of $66,600. The comparative balance sheets for the year show that inventory decreased $6,600. prepaid expenses increased $8,600, accounts payable increased $4,600, and accrued expenses payable decreased $6,500. Compute cash payments to suppliers and cash payments for operating expenses using the direct method. Cash payments to suppliers $ 69600 Cash payments for operating expenses $ 68600

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