Tamarisk Corporation had the following 2017 income statement. Sales revenue ...
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Accounting
Tamarisk Corporation had the following 2017 income statement.
| Sales revenue | $183,000 | |
| Cost of goods sold | 118,000 | |
| Gross profit | 65,000 | |
| Operating expenses (includes depreciation of $19,000) | 45,000 | |
| Net income | $20,000 |
The following accounts increased during 2017: Accounts Receivable $13,000, Inventory $11,000, Accounts Payable $13,000. Prepare the cash flows from operating activities section of Tamarisks 2017 statement of cash flows using the indirect method.
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