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The income statement for Waterway Company showed cost of goods sold of $ 8 3 , 6 0 0 and operating expenses of $ 6
The income statement for Waterway Company showed cost of goods sold of $ and operating expenses of $ The comparative balance sheets for the year show that inventory decreased $ prepaid expenses increased $ accounts payable increased $ and accrued expenses payable decreased $
Compute cash payments to suppliers and cash payments for operating expenses using the direct method.
Cash payments to suppliers
$
Cash payments for operating expenses $
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