Question: 1. This period's wages and other operating expenses total $112,000. Beginning-of-period prepaid expenses totaled $1,200, and its ending balance is $4,200. There were no beginning-of-period accrued liabilities, but end-of-period wages payable equal $5,600. How much cash is paid for wages and other operating expenses?
2. What is the reporting purpose of the statement of cash flows? Identify at least two questions that this statement can answer.