Current Attempt in Progress Tamarisk Inc. had the following balance sheet at December 31, 2016. TAMARISK INC. BALANCE SHEET DECEMBER 31, 2016 Cash $8,800 Accounts payable $15,800 Accounts receivable 11.700 Bonds payable 10,100 Investments 14,800 Common stock 36.100 Plant assets (net) 36.300 Retained earnings 27,100 Land 17,500 $89.100 $89,100 During 2017, the following occurred. 1. Net income was $29,800, 2. Depreciation expense was $7.200. 3. Tamarisk liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $3,200 loss. 4. Tamarisk issued $20,300 of common stock at par.