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Tamarisk, Inc. reported net income of $173.950 for 2022. Tamarisk, Inc. also reported depreciation expense of $31.940 and a loss of $4,870 on the disposal
Tamarisk, Inc. reported net income of $173.950 for 2022. Tamarisk, Inc. also reported depreciation expense of $31.940 and a loss of $4,870 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,030 for the year, a $16,080 increase in accounts payable, and a $3,650 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).) Tamarisk, Inc. Partial Statement of Cash Flows Adjustments to reconcile net income to
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