The comparative balance sheets for Tamarisk Company appear below: TAMARISK COMPANY Comparative Balance Sheet Assets Dec. 31, 2022 Dec. 31, 2021 Cash $35,800 $20,000 Accounts receivable 17,000 14,000 Inventory 39,800 19,600 Prepaid insurance 8,700 9,400 Stock investments -0- 17,600 Equipment 61,000 30,500 Accumulated depreciation-equipment (15,300 ) (12,500 ) Total assets $147,000 $98,600 Liabilities and Stockholder's Equity Accounts payable $27,400 $8,400 Bonds payable 38,400 45,800 Common stock 36,500 21,000 Retained earnings 44,700 23,400 Total liabilities and stockholder's equity $147,000 $98,600

TAMARISK COMPANY Comparative Balance Sheet Assets Dec. 31, 2022 Dec. 31, 2021 Cash $35,800 $20,000 Accounts receivable 17,000 14,000 Inventory 39,800 19,600 Prepaid insurance 8,700 9,400 Stock investments -0- 17,600 Equipment 61,000 30,500 Accumulated depreciation-equipment (15,300) (12,500) Total assets $147,000 $98,600 Liabilities and Stockholder's Equity Accounts payable $27,400 $8,400 Bonds payable 38,400 45,800 Common stock 36,500 21,000 Retained earnings 44,700 23,400 Total liabilities and stockholder's equity $147,000 $98,600 Additional information: 1. Net income for the year ending December 31, 2022, was $35,000. 2. Cash dividends of $12,500 were declared and paid during the year. 3. Stock investments on balance sheet that had a book value of $16,400 were sold for $11,800. 4. Sales for 2022 are $120,000. TAMARISK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income / (Loss) $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities V Depreciation Expense $ Loss on Sale of Stock Investments Decrease in Accounts Receivable > Increase in Inventory Decrease in Prepaid Insurance Increase in Accounts Payable Net Cash Provided by Operating Activities V Cash Flows from Investing Activities Purchase of Equipment Sale of Stock Investments Net Cash Provided by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Cash Flows from Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period $