Tamarisk Company Comparative Balance Sheets December 31 Assets: 2022 2021 Cash $ 80,500 $46,000 Accounts receivable 46,000 32,200 Inventory 64,400 46,000 Property, plant, and equipment 138,000 179,400 Accumulated depreciation (73,600) (55,200) Total: $255,300 $248,400 Liabilities and Stockholders' Equity Accounts payable $43,700 $34,500 Income taxes payable 16,100 18,400 Bonds payable 39,100 75,900 Common stock 41,400 32,200 Retained earnings 115,000 87,400 Total $255.300 $248.400 Question 2 of 3 < > Tamarisk Company Income Statement For the Year Ended December 31, 2022 Sales revenue $556,600 Cost of goods sold 402,500 Gross profit 154,100 Selling expenses $41,400 Administrative expenses 13,800 55,200 Income from operations 98,900 Interest expense 6,900 Income before income taxes 92,000 Income tax expense 18,400 Net income $73,600 Additional data: 1 Depreciation expense was $40,250. 2. Dividends declared and paid were $46,000. 3. -/30 E During the year equipment was sold for $19,550 cash. This equipment cost $41,400 originally and had accumulated depreciation of $21,850 at the time of sale. Homework Question 2 of 3 < > (a) -/30 E Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Tamarisk Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash at Beginning of Period Adjustments to reconcile net income to