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Laser World's income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation)...

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Accounting

Laser World's income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000. The balance sheet reported the following: Accounts Receivablebeginning balance, $50,000 and ending balance, $60,000; Accounts Payablebeginning balance, $22,000 and ending balance, $28,000. Therefore, based only on this information, the net cash flows from operating activities were

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