prepare a worksheet for the state of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns.

Condensed financial data of Tamarisk, Inc. are as follows. Tamarisk, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $91,700 $47,600 Accounts receivable 89,500 57,900 Inventory 122,000 183,000 Investments 84,000 86,400 Equipment 250,000 205,000 Accumulated depreciation-equipment (48,200) (39,400) $589,000 $460,500 Liabilities and Stockholders' Equity Accounts payable $58,100 $ 48,300 Accrued expenses payable 12,800 18,400 Bonds payable 102,000 70,600 Common stock 251,000 201,000 Retained earnings 165,100 122,200 $589,000 $460.500 Tamarisk, Inc. Income Statement For the Year Ended December 31, 2022 Sales revenue Gain on disposal of plant assets $299,000 8,190 307,190