Tamarisk, Inc's comparative balance sheets are presented below: Tamarisk, Inc Comparative Balance Sheets December 31...
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Tamarisk, Inc's comparative balance sheets are presented below: Tamarisk, Inc Comparative Balance Sheets December 31 2019 2018 Cash $ 16,800 $ 17,500 Accounts receivable 25.000 22,300 Investments 19,850 15,850 Equipment 60.050 70.050 Accumulated depreciation-equipment (14.150) (10.500 Total $107.550 $115.200 Accounts payable Bonds payable Common stock Retained earnings Total $14.550 10.500 49,800 32.700 $107.550 $ 11,150 30.100 45,400 28.550 $115,200 Additional information: Net income was $18.550. Dividends declared and paid were $14.400 Equipment which cost $10,000 and had accumulated depreciation of $2,000 was sold for $3.700. No noncash investing and financing activities occurred during 2019. 1. 2. 3. Prepare a statement of cash flows for 2019 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -45,000, or in parenthesis eg. (45,000).) Tamarisk, Inc Statement of Cash Flows Adjustments to reconcile net income to $ S V $ Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg.-45 or parentheses eg. (45).) Free cash flow $ eTextbook and Media
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