Laser World reports net income of $610,000. Depreciation expense is $46,000, accounts receivable increases $10,000, and accounts payable decreases $26,000.

Calculate net cash flows from operating activities using the indirect method.

LASER WORLD
Statement of Net Cash Flows (partial)
Cash flows from operating activities
Adjustments to reconcile net income to net cash flows from operating activities:
Net cash flows from operating activities