Prepare cash flows from operating activities using the direct method: Net income Depreciation expense Accounts receivable increase (decrease) Inventory increase (decrease) Accounts payable increase (decrease) Accrued liabilities increase (decrease) Twix $ 4,000 30,000 40,000 (20,000) 24,000 (44,000) Dots Skor $100,000 $72,000 8,000 24,000 20,000 (4,000) (10,000) 10,000 (22,000) 14.000 12,000 (8,000)

Prepare cash flows from operating activities using the direct method