Exercise 12-5 The following information is available for Tamarisk, Inc. for the year ended December 31, 2017. Beginning cash balance 47,205 3,881 Accounts payable decrease Depreciation expense 169,938 Accounts receivable increase 8,602 Inventory increase 11,539 298,021 Net income Cash received for sale of land at book value 36,715 Cash dividends paid 12,588 Income taxes payable increase 4,930 303,161 Cash used to purchase building 27,274 Cash used to purchase treasury stock 209,800 Cash received from issuing bonds Prepare a statement of cash flows using 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. Statement of Cash Flows-Indirect Method