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all i need is the cash flow Tamarisk, Inc. Comparative Balance Sheets December 31 begin{tabular}{lrr} & 2022 & 2021 & $16,800 & $17,500
all i need is the cash flow
Tamarisk, Inc. Comparative Balance Sheets December 31 \begin{tabular}{lrr} & 2022 & 2021 \\ & $16,800 & $17,500 \\ Cash & 25,000 & 22,300 \\ Accounts receivable & 19,850 & 15,850 \\ Investments & 60,050 & 70,050 \\ Equipment & (14,150) & (10,500) \\ \cline { 2 - 3 } Accumulated depreciation-equipment & $107,550 & $115,200 \\ \cline { 2 - 3 } Total & & \end{tabular} Accounts payable Bonds payable $14,55010,500$11,15030,100 Common stock \begin{tabular}{rrr} 49,800 & & 45,400 \\ 32,700 & & 28,550 \\ \cline { 1 - 1 } \cline { 3 - 3 }$107,550 & & $115,200 \end{tabular} 1. Net income was $18,550. Dividends declared and paid were $14,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,000 was sold for $3,700. 3. No noncash investing and financing activities occurred during 2022. (a) Your answer is correct. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with eit 45,000, or in parenthesis e. (45,000). Tamarisk, Inc. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net income $18550 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $5650 Loss on disposal of Plant Assets 4300 Increase in Accounts Receivable 2700 Increase in Accounts Payable Increase in Accounts Receivable \begin{tabular}{|r|} \hline2700 \\ \hline \end{tabular} Increase in Accounts Payable \begin{tabular}{|l|} \hline 3400 \\ \hline \end{tabular} Cash Flows from Investing Activities Purchase of Investments: Cash Flows from Financing Activities Payment of Dividends Payment of Dividends Retirement of Bonds Issuance of Common Stock Net Cash Used by Financing Activities Net Decrease in Cash Cishat Beginning of Period Cashat End of Period Compute free cash flow. (Enter negative amount using either a negative sign preceding the number eg. 45 Free cash flow Step by Step Solution
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