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Cain Inc. reports net income of $16,400. Its comparative balance sheet shows the following changes: accounts receivable increased $7,400; inventory decreased $9,400; prepaid insurance decreased

Cain Inc. reports net income of $16,400. Its comparative balance sheet shows the following changes: accounts receivable increased $7,400; inventory decreased $9,400; prepaid insurance decreased $2,400; accounts payable increased $4,400 and taxes payable decreased $3,400. Compute cash flows from operations using the indirect method.

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