Tamarisk Companys balance sheet at December 31, 2021, is presented as follows.

Tamarisk Company

Balance Sheet

December 31, 2021

Cash $ 13,100

Accounts Receivable 19,100

Allowance for doubtful account (800)

Inventory 10,300

--------------------

$41,600

Accounts payable $8,200

Common Stock 19,000

Retained Earnings 14,400

-------------------------

$41,600

During January 2022, the following transaction occurred. Tamarisk uses the perpetual inventory method.

Jan.1. Tamarisk acccept a 4-month, 8% note from Merando Company in payment of Merando's $1,200 account.

3. Tamarisk wrote off as uncollectible the accounts of Inwood Corporation ($400) and Goza Company ($300).

8. Tamarisk purchased $16,400 of inventory on account.

11. Tamarisk sold for $29,300 on account inventory that cost $20,500.

15. Tamarisk sold inventory that cost $600 to Mark Lauber for $1,100. Lauber charged this amount on his Visa First Bank card. The service fee charged Tamarisk by First Bank is 3%.

17. Tamarisk collected $23,500 from customers on account.

21. Tamarisk paid $14,400 on accounts payable.

24. Tamarisk received payment in full ($300) from Goza Company on the account written off on January 3.

27. Tamarisk purchased supplies for $1,500 cash.

31. Tamarisk paid other operating expenses, $3,600.

Adjustment data

1. Interest is recorded for the month on the note from January 1.

2. Bad Debts are expected to be 6% of the January 31, 2022, accounts receivable.

3. A count of supplies on January 31, 2022, reveals that $500 remains unused.

PREPARE A BALANCE SHEET AS OF JANUARY 31,2022.

(List current assets in order of liquidity.)