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Tamarisk, Inc.'s net income for the current year was $499000. Depreciation was $64000. Accounts receivable and inventories decreased by $21000 and $33000, respectively. Prepaid expenses
Tamarisk, Inc.'s net income for the current year was $499000. Depreciation was $64000. Accounts receivable and inventories decreased by $21000 and $33000, respectively. Prepaid expenses and salaries payable increased, respectively, by $2000 and $17000. Equipment was sold at a gain of $8400. How much cash was provided by operating activities? $494000. $623600. $556000. $598000
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