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Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases $11,000, and accounts payable decreases $11,000. Calculate net cash flows from

Laser World reports net income of $460,000. Depreciation expense is $31,000, accounts receivable increases $11,000, and accounts payable decreases $11,000. Calculate net cash flows from operating activities using the indirect method. (List cash outflows as negative amounts.)

Prepare the balance sheey for the statement of net cash flows.

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