html?_con=con&external_browser=0&launchUrlhttps%253A%252F%252Fnewconnect.mheduc.. Outlook Spanish class ACCT CONNECT-ACCT 3-16 Saved Help Save & Exit Submit Cain Inc. reports net income of $16,800. Its comparative balance sheet shows the following changes: accounts receivable increased $7,800; inventory decreased $9,800; prepaid insurance decreased $2,800; accounts payable increased $4,800 and taxes payable decreased $3,800. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) $ 16,800 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 Inventory Prepaid insurance Accounts payable Taxes payable Accounts receivable (9,800) (2,800) 4,800 (3 800) $ 5,200 Next > 1 of 34