Tamarisk Supply Company reported net income of $490,000 for the current year. Depreciation recorded on buildings and equipment amounted to $74,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $23,500 $17,000 Accounts receivable 18,500 32,500 Inventory 58,000 67,500 Prepaid insurance 7,800 6,100 Accounts payable 12,400 17.800 Income taxes payable 600 1,030 Prepare the cash flows from the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a signes 15,000 or in parenthesis eg. (15,000) TAMARISK SUPPLY COMPANY Statement of Cash Flows (Partial) - Indirect Method Net Cash Provided by Financing Activhles Adjustments to reconcile net income to > > > < > 13 Says for Later Last saved 3 days ago. Saved work will be auto-submitted on thele Attempts: 0 of 3 used Submit Answer eTextbook and Media