Tamarisk Inc. follows IFRS and has adopted the policy of classifying interest paid as operating activities and dividends paid as financing activities. Comparative SFP accounts of Tamarisk Inc., and its statement of income for the year ending December 31, 2020, follow:

		December 31
		2020				2019				Change
Cash		$50,000				$58,000				$(8,000	)
Cash equivalents (Note 1)		34,000				43,200				(9,200	)
Accounts receivable		351,000				281,000				70,000
Prepaid insurance		15,800				35,400				(19,600	)
Inventory		402,000				360,100				41,900
Supplies		13,000				17,000				(4,000	)
Long-term investment, at equity (Note 7)		416,000				402,700				13,300
Land (Note 6)		631,000				504,000				127,000
Buildings (Note 3)		1,310,000				1,280,000				30,000
Accumulated depreciationbuildings		(400,000	)			(360,000	)			(40,000	)
Equipment (Note 4)		633,000				641,100				(8,100	)
Accumulated depreciationequipment		(160,000	)			(135,000	)			(25,000	)
Patent		100,000				100,000				0
Accumulated amortization		(40,000	)			(35,000	)			(5,000	)
		$3,355,800				$3,192,500				$163,300
Bank overdrafts (temporary)		$0				$95,200				$(95,200	)
Accounts payable		164,000				156,000				8,000
Income tax payable		26,000				35,000				(9,000	)
Accrued liabilities		59,000				45,000				14,000
Dividends payable		21,000				50,000				(29,000	)
Long-term notes payable		420,000				460,000				(40,000	)
Bonds payable		999,000				995,000				4,000
Preferred shares (Note 2)		486,000				380,000				106,000
Common shares		742,000				674,000				68,000
Retained earnings		438,800				302,300				136,500
		$3,355,800				$3,192,500				$163,300

Income Statement

Revenues
	Sales revenue		$985,000
	Investment income		90,000		$1,075,000
Expenses and Losses
	Cost of goods sold		313,000
	Sales commissions expense		105,000
	Operating expenses (Note 5)		166,000
	Salaries and wages expense		101,000
	Interest expense		93,000
	Loss on disposal of equipment (Note 4)		11,000
	Income tax expense		96,000		885,000
Net Income					$190,000

The following is additional information about Tamarisks transactions during the year ended December 31, 2020.

1.		The cash equivalents are typically term deposits that are very liquid and mature on average in 60 days. The bank overdrafts are temporary and reverse within a few days. Tamarisk has opted to show these as cash and cash equivalents on its statement of cash flows.
2.		During the year, preferred shares with a carrying amount of $18,000 were converted to common shares.
3.		There were no disposals of buildings during the year 2020.
4.		Equipment with an original cost of $46,000 and carrying amount of $14,000 was sold at a loss during the year.
5.		All depreciation and amortization expense is included in operating expenses.
6.		During the year, Tamarisk obtained land with a fair value of $100,000 in exchange for its preferred shares.
7.		Investment income includes the equity earnings of $62,000 from a long-term investment accounted for using the equity method and from interest revenue on the short-term investments referred to in note 1 above.

Prepare the statement of cash flows for the year ended December 31, 2020, for Tamarisk Inc. using the indirect method. Prepare any additional disclosure notes that are required, including a table that shows the details of the cash and cash equivalents accounts at the end of each period. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000). Do not leave any answer field blank. Enter O for amounts.) Tamarisk Inc. Statement of Cash Flows (Indirect Method) For the year ended December 31, 2020 $ Adjustments to reconcile net income to net cash provided by operating activities: $ $ > . . A $ $ $ $ Cash and Cash Equivalents: 2020 2019 > Net Cash Provided by Operating Activities > . . A $ $ $ $ Cash and Cash Equivalents: 2020 2019 > Net Cash Provided by Operating Activities