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Brief Exercise 12-4

Tamarisk, Inc. reported net income of $1.7 million in 2017. Depreciation for the year was $173,700, accounts receivable decreased $345,700, and accounts payable decreased $295,400. Compute net cash provided by operating activities using the indirect approach. (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 Approach December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Account Payable Decrease in Account Receivable Depreciation Expense Increase in Account Payable Increase in Account Receivable Net Income		$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Decrease in Account Payable Decrease in Account Receivable Depreciation Expense Increase in Account Payable Increase in Account Receivable Net Income	$
Decrease in Account Payable Decrease in Account Receivable Depreciation Expense Increase in Account Payable Increase in Account Receivable Net Income
Decrease in Account Payable Decrease in Account Receivable Depreciation Expense Increase in Account Payable Increase in Account Receivable Net Income
Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash		$

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