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Cain Inc. reports net income of $18,800. Its comparative balance sheet shows the following changes: accounts receivable increased $9,800; inventory decreased $11,800; prepaid insurance decreased

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Cain Inc. reports net income of $18,800. Its comparative balance sheet shows the following changes: accounts receivable increased $9,800; inventory decreased $11,800; prepaid insurance decreased $4,800; accounts payable increased $6,800 and taxes payable decreased $5,800. 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) Net income Adjustments to reconcile net income to net cash provided by operating activities Changes in current assets and liabilities Accounts receivable Inventory Prepaid insurance Accounts payable Taxes payable Cash provided by used for) operating activities $ A company reported that its bonds with a par value of $50,000 and a carrying value of $66,500 are retired for $71,400 cash, resulting in a loss of $4,900. The amount to be reported under cash flows from financing activities is: Multiple Choice $(16,500) O $(71,400) $(66,500). O $16,500. $(4,900)

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