Tamarisk, Inc reported the following information for 2022 Tamarisk, Inc Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase Decrease Cash $135,700 $82,800 $52,900 Increase Accounts receivable 142,600 50,600 92,000 Increase Inventory 101,200 0 101,200 Increase Prepaid expenses 13,800 9,200 4,600 Increase Land 126,500 161,000 34,500 Decrease Buildings 460,000 460,000 0 Accumulated depreciationbuildings (48,300 ) (32,200 ) 16,100 Increase Equipment 420,900 156,400 264,500 Increase Accumulated depreciationequipment (64,400 ) (23,000 ) 41,400 Increase Totals $1,288,000 $864,800 Liabilities and Stockholders Equity Accounts payable $98,900 $92,000 $6,900 Increase Accrued expenses payable 0 23,000 23,000 Decrease Bonds payable 230,000 345,000 115,000 Decrease Common stock ($1 par) 529,000 138,000 391,000 Increase Retained earnings 430,100 266,800 163,300 Increase Totals $1,288,000 $864,800 Tamarisk, Inc Income Statement For the Year Ended December 31, 2022 Sales revenue $2,164,300 Cost of goods sold $1,092,500 Operating expenses 531,300 Interest expense 27,600 Loss on disposal of equipment 4,600 1,656,000 Income before income taxes 508,300 Income tax expense 149,500 Net income $358,800 Additional information 1 Operating expenses include depreciation expense of $92,000 2 Land was sold at its book value for cash 3 Cash dividends of $195,500 were declared and paid in 2022 4 Equipment with a cost of $381,800 was purchased for cash Equipment with a cost of $117,300 and a book value of $82,800 was sold for $78,200 cash 5 Bonds of $115,000 were redeemed at their face value for cash 6 Common stock ($1 par) of $391,000 was issued for cash Use this information to 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, Inc Statement of Cash Flows Indirect Method $ Adjustments to reconcile net income to

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Tamarisk, Inc. reported the following information for 2022. Tamarisk, Inc. Comparative Balance Sheets December 31 Assets 2022 2021 Change Increase/Decrease Cash $135,700 $82,800 $52,900 Increase

Tamarisk, Inc. reported the following information for 2022.

Tamarisk, Inc. Comparative Balance Sheets December 31
Assets	2022		2021		Change Increase/Decrease
Cash	$135,700		$82,800		$52,900	Increase
Accounts receivable	142,600		50,600		92,000	Increase
Inventory	101,200		0		101,200	Increase
Prepaid expenses	13,800		9,200		4,600	Increase
Land	126,500		161,000		34,500	Decrease
Buildings	460,000		460,000		0
Accumulated depreciationbuildings	(48,300	)	(32,200	)	16,100	Increase
Equipment	420,900		156,400		264,500	Increase
Accumulated depreciationequipment	(64,400	)	(23,000	)	41,400	Increase
Totals	$1,288,000		$864,800
Liabilities and Stockholders Equity
Accounts payable	$98,900		$92,000		$6,900	Increase
Accrued expenses payable	0		23,000		23,000	Decrease
Bonds payable	230,000		345,000		115,000	Decrease
Common stock ($1 par)	529,000		138,000		391,000	Increase
Retained earnings	430,100		266,800		163,300	Increase
Totals	$1,288,000		$864,800

Tamarisk, Inc. Income Statement For the Year Ended December 31, 2022
Sales revenue		$2,164,300
Cost of goods sold	$1,092,500
Operating expenses	531,300
Interest expense	27,600
Loss on disposal of equipment	4,600	1,656,000
Income before income taxes		508,300
Income tax expense		149,500
Net income		$358,800

Additional information:
1.		Operating expenses include depreciation expense of $92,000.
2.		Land was sold at its book value for cash.
3.		Cash dividends of $195,500 were declared and paid in 2022.
4.		Equipment with a cost of $381,800 was purchased for cash. Equipment with a cost of $117,300 and a book value of $82,800 was sold for $78,200 cash.
5.		Bonds of $115,000 were redeemed at their face value for cash.
6.		Common stock ($1 par) of $391,000 was issued for cash.

Use this information to 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, Inc. Statement of Cash Flows-Indirect Method $ Adjustments to reconcile net income to