Question: Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000. Calculate net cash flows from

Laser World reports net income of $650,000. Depreciation expense is $50,000, accounts receivable increases $11,000, and accounts payable decreases $30,000.

Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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