0:48:03 Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix $ 7,200 54,000 72,000 (36,000) 43,200 (79,200) Dots $ 180,000 14,400 Skor $ 129,600 36,000 (18,000) (39,600) 21,600 43,200 (7,200) 18,000 25,200 (14,400) For each separate company, compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. Cash Flows from Operating Activities (Indirect) Twix Dots Skor Net income $ 7,200 $ 180,000 $ 129,600 Adjustments to reconcile net income to net cash provided by operating activities: Income statement items not affecting cash Depreciation Changes in current operating assets and liabilities Accounts receivable Inventories Accounts payable Accrued liabilities 54,000 14,400 43,200 72,000 36,000 (7,200) (36,000) (18,000) 18,000 43,200 (39,600) 25,200 (79,200) 21,600 (14,400) $ 61,200 $ 194,400 $ 194,400