Current Attempt in Progress Condensed financial data of Tamarisk, Inc. follow. Tamarisk, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $101,200 $48,300 Additional information: Accounts receivable 92,700 32,200 Inventory 111,400 102,100 1. New plant assets costing $80,500 were purchased for cash during the year. Prepaid expenses 29,600 25,900 2. Long-term investments 140,800 113,400 Old plant assets having an original cost of $49,200 and accumulated depreciation of $38,800 were sold for $2,900 cash. Plant assets 274,300 243,000 3. Bonds payable matured and were paid off at face value for cash. Accumulated depreciation (47,200) (51,800) 4. A cash dividend of $31,700 was declared and paid during the year. Total $702,800 $513,100 Liabilities and Stockholders' Equity Accounts payable $111,400 $68,000 Accrued expenses payable 16,100 17,400 Bonds payable 110,500 149,400 Common stock 219,400 174,200 Retained earnings 245,400 104,100 Total $702,800 $513,100 Tamarisk, Inc. Income Statement For the Year Ended December 31, 2022 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk, Inc. Statement of Cash Flows Adjustments to reconcile net income to $392,600 Sales revenue Less: Cost of goods sold $134,500 Operating expenses, excluding depreciation 11,400 Depreciation expense 34,200 Income tax expense 27,700 Interest expense 4,300 Loss on disposal of plant assets 7,500 219,600 Net income $173,000 Additional information: 0 $ 0 0 0 0 0 0 0 0