Question: For the most recent year, Virtual Gaming Systems had net income of $640,000. The accounting records show depreciation expense of $49,000, increase of accounts

For the most recent year, Virtual Gaming Systems had net income of

For the most recent year, Virtual Gaming Systems had net income of $640,000. The accounting records show depreciation expense of $49,000, increase of accounts receivable $10,000, and decrease of accounts payable $29,000. Using the indirect method, compute net cash flows from operating activities. (List cash outflows and any decrease in cash as negative amounts.) Cash flows from operating activities Virtual Gaming Systems Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities $ 0

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