Laser World reports net income of $490,000. Depreciation expense is $34,000, accounts receivable increases $11,000, and accounts payable decreases $14,000. Calculate net cash flows from operating activities using the indirect method.
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During 2017, Blossom Company disposed of Pine Division, a major component of its business. Blossom realized a gain of $2920000, net of taxes, on the sale of Pine's assets. Pine's operating losses, net of taxes, were $3580000 in 2017.
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