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Cain Inc. reports net income of $17,400. Its comparative balance sheet shows the following changes: accounts receivable increased $8,400; inventory decreased $10,400; prepaid insurance decreased

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Cain Inc. reports net income of $17,400. Its comparative balance sheet shows the following changes: accounts receivable increased $8,400; inventory decreased $10,400; prepaid insurance decreased $3,400; accounts payable increased $5,400 and taxes payable decreased $4,400. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash Flows from Operating Activities (Indirect) Adjustments to reconcile net income to net cash provided by operating activities Changes in current assets and liabilities

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