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(Solved): Cain Incorporated reports net income of $19,000. Its comparative balance sheet shows the following c ...



Cain Incorporated reports net income of

$19,000

. Its comparative balance sheet shows the following changes: accounts receivable increased

$10,000

; inventory decreased

$12,000

; prepaid insurance decreased

$5,000

; accounts payable increased

$7,000

; and taxes payable decreased

$6,000

. Compute cash flows from operations using the indirect method. Note: Amounts to be deducted should be indicated by a minus sign. \table[[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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