Brief Exercise 11-4 Calculate operating activities-indirect method (LO11-3) 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. (List cash outflows and any decrease in cash as negative amounts.) Brief Exercise 11-4 Calculate operating activities-indirect method (LO11-3) 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. (List cash outflows and any decrease in cash as negative amounts.)