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Condensed financial data of Tamarisk Combanv for 2020 and 2019 are oresented below. Retained earnings TAMARISK COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31,

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Condensed financial data of Tamarisk Combanv for 2020 and 2019 are oresented below. Retained earnings TAMARISK COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,010 \begin{tabular}{lr} Cost of goods sold & 4,730 \\ \hline Gross margin & 2,280 \end{tabular} \begin{tabular}{lr} Selling and administrative expenses & 930 \\ \cline { 2 - 2 } Income from operations & 1,350 \end{tabular} Other revenues and gains Gain on sale of investments Income before tax 1,43080 Income tax expense 890540 Net income 260 Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis e.g. (15,000).)

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