EXERCISE 13.9 An analysis of the annual financial statements of O'Connell Corporation reveals the following: a. The company had a $5 million loss from a fire that destroyed an uninsured factory building. b. Depreciation for the year amounted to $9 million. c. During the year, $2 million in cash was transferred from the company's checking account into a money market fund. d. Accounts receivable from customers increased by $3.5 million over the year. e. Cash received from customers during the year amounted to $169 million. f. Prepaid expenses decreased by $1 million over the year. g. Dividends declared during the year amounted to $8 million; dividends paid during the year amounted to $6 million. h. Accounts payable (to suppliers of merchandise) increased by $2.7 million during the year. i. The liability for accrued income taxes payable amounted to $5 million at the beginning of the $3 million at year-end. In the computation of net cash flows from operating activities by the indirect method, explain whether each of these items should be added to net income, deducted from net income, or omitted from the computation. Briefly explain your reasons for each answer. year and