Current Attempt in Progress The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $33,000 Acquisition of equipment for cash 12,000 Proceeds from the sale of long-term investment at book value 25,000 Issuance of common stock for cash 21,800 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 38,100 Payment of cash dividends 6,500 Net income 33,500 Purchase of land by issuing bonds payable 40,800 In addition, the following information is available from the comparative balance sheet for Tamarisk at the end of 2022 and 2021: Cash 2022 $165,000 2021 $91,000 Accounts receivable (net) 33,500 17,200 Prepaid insurance 19,900 13,600 Total current assets $218,400 $121.800 Accounts payable $34,400 $18,400 Salaries and wages payable 6,200 7,300 Total current liabilities $40,600 $25,700