Question 5 of 5 View Policies Show Attempt History Current Attempt in Progress Tamarisk Inc. had the following balance sheet at December 31, 2019. TAMARISK INC. BALANCE SHEET DECEMBER 31, 2019 Cash $ 25,140 Accounts payable $ 35,140 Accounts receivable 26,340 Bonds payable 46,140 Investments 32,000 Common stock 105.140 Plant assets (net) 86,140 Retained earnings 28.340 Land 45,140 $ 214,760 $ 214,760 During 2020, the following occurred. 1. Tamarisk liquidated its available-for-sale debt investment portfolio at a loss of $ 10,140. 2. A tract of land was purchased for $ 43,140. 3. An additional $ 30,000 in common stock was issued at par. 4. Dividends totaling $ 15,140 were declared and paid to stockholders. 5. Net income for 2020 was $ 40,140, including $ 17,140 in depreciation expense. 6. Land was purchased through the issuance of $ 35,140 in additional bonds. 7. At December 31, 2020, Cash was $ 75,340, Accounts Receivable was $ 47,140, and Accounts Payable was $ 45,140. (b) Prepare the unclassified balance sheet as it would appear at December 31, 2020. (List Assets in order of liquidity.) TAMARISK INC. Balance Sheet Assets $ $ Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ $ List of Accounts