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Tamarisk, Inc. reported net income of $194,700 for 2020. Tamarisk also reported depreciation expense of $47,700 and a loss of $4,900 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $19,900 for the year, a $21,900 increase in accounts payable, and a $3,200 decrease in prepaid expenses.
Prepare the operating activities section of the statement of cash flows for 2020. Use the indirect method.
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Tamarisk, Inc. reported net income of $194,700 for 2020. Tamarisk also reported depreciation expense...
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