Lawrence Engineering reports net income of $450,000. Depreciation expense is $30,000, accounts receivable increases $12,000, and accounts payable decreases $10,000. Calculate net cash flows from operating activities using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities LAWRENCE ENGINEERING Statement of Cash Flows (Partial) Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities

Lawrence Enginecring reports net income of $450,000. Depreciation expense is $30,000, accounts recelvable increases $2,000. and accounts payable decieases $10,000. Calculate net cast flows from operating activities using the indirect method (Amounts to be deducted should be indiceted with o minus sign.)