Kimmel, Accounting, 7e CALCE Exercise 205 The comparative balance sheets for Tamarisk Company appear below: TAMARISK COMPANY Comparative Balance Sheet Assets Dec. 31, 2022 Dec 31, 2021 Cash $26,900 $13,500 Accounts receivable 21,500 10,000 Inventory 37,600 15,000 Prepaid insurance 9,000 9,700 Stock Investments -0- 15,600 Equipment 81,000 40,500 Accumulated depreciation-equipment (19,500) (12,800) Total assets $156,500 $91,500 Liabilities and Stockholder's Equity Accounts payable $33,900 $7,300 Bonds payable 39,700 47,300 Common stock 40,400 23,500 Retained earnings 42,500 13,400 Total liabilities and stockholder's equity $156,500 $91,500 Additional Information Net income for the year ending December 31, 2022, was $39,000. 2 Cash dividends of $11.600 were declared and paid during the year. 3 Stock investments on balance sheet that had a book value of $17,300 were sold for $11 Sales for 2022 are $120,000 Prepare a statement of cash flows for the year ended December 31, 2022, using the Indirect method (Show mount parenthes (1,000).) TAMARISK CORPORATION Statement of Cash Flows Q Search or enter website name 2 A 3 4 5 6 7 S Kimmel, Accounting, 7e CALCULATOR Prepare a statement of cows for the year ended December 31, 2022, using the indirect method (Show amounts on parenthesis (15,000).) TAMARISK CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Sort Groter we $ g a 3 2 Y E U T 20 H A S F D CALO RCES by Study Click if you would like to show Work for this question Open Shew Werk Hy coming the question Ansistance, you will learn while you can poines based on the Paint Potential Policy set by your in QL F Q search or enter website me 2 $ 4 3 36 5. 2 7 8 W E R T Y S D F G H 7 Kimmel, Accounting, 70 CALCULATOR MESSAGE WITHOR STANDAR VIEW MINTE V arie 205 comparative lance sheets for Tamaris Company appear below TAMARISK COMPANY Comparative Balance Sheet Assets Dec 31, 2022 Dec 31, 2021 $25,000 $12.500 Accounts receivable 21.500 10.000 im 37,600 15,000 pidance 9.000 3,700 Stock investments --- 15.600 Equipment 81,000 40.500 Acond recome (19,500) (12.300 Totta 51500 591.500 Labies and stockholder's Equity Accounts payable 53.900 37.100 Bonsable 19,700 4,350 Como 40.450 >500 Benedig 0.500 13:00 is dood's 5156 500 1,500 Additional Womation 1 Set come wo December, 2002, was 50.000 2 Convites St. were declares during Seher 517.30 were 11,00 Stor2003 120.000 reg. 15,000 TARRIS CORPORATION Sofa 7 B Y R U G H K s D B V N M C com