Question 14 10 pts TT Ltd reported a 2018 net profit of $120,000. Relevant information to adjust net profit to cash flows from operations is provided below. Depreciation expense $28,000 Loss on the sale of the land $18,000 Increase in accounts receivable $4,000 Decrease in merchandise inventory $8,000 Increase in accounts payable $7,000 Increase in taxes payable $5,000 How much is net cash from operations? $170,000 $182,000 $166,000 $164,000 Question 15 10 pts In 2004, Corio Pty Ltd reported inventory of $1,420 million and accounts payable of $4,283 million. In 2003, the company reported inventory of $1,252 million and accounts payable of $4,058 million. What was the effect on the 2004 cash flow from operating activities? A decrease in cash of $1,043 million An increase in cash of $1,043 million A decrease in cash of $57 million An increase in cash of $57 million