QS 12-4 Indirect: Computing cash flows from operations LO P2 Cain Inc reports net income of $16,000. Its comparative balance sheet shows the following changes: accounts receivable increased $7.000 inventory decreased $9,000; prepaid Insurance decreased $2.000; accounts payable increased $4,000 and taxes payable decreased $3,000. Compute cash flows from operations using the Indirect method. (Amounts to be deducted should be indicated by o minus sign.) Cash Flows from Operating Adivities (Indirect) Adjustments to reconcile not income to not cash provided by operating activities Changes in current assets and abilities