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Exercise 12-4 Tamarisk, Inc. reported net income of $194,700 for 2019. Tamarisk also reported depreciation expense of $47,700 and a loss of $4,900 on the

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Exercise 12-4 Tamarisk, Inc. reported net income of $194,700 for 2019. Tamarisk also reported depreciation expense of $47,700 and a loss of $4,900 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $19,900 for the year, a $21,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2019. Use the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to Click if you would like to Show Work for this question: Open Show Work

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