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The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier Acquisition
The following information is available for Tamarisk Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier Acquisition of equipment for cash Proceeds from the sale of long-term investment at book value Issuance of common stock for cash Depreciation expense Redemption of bonds payable at carrying (book) value Payment of cash dividends Net income Purchase of land by issuing bonds payable $33,000 12,000 25,000 21,800 25,000 38,100 6,500 33,500 40,800 In addition, the following information is available from the comparative balance sheet for Tamarisk at the end of 2022 and 2021: Cash Accounts receivable (net) Prepaid insurance Total current assets 2022 $165,000 33,500 19,900 $218,400 2021 $91,000 17,200 13,600 $121,800 Accounts payable Salaries and wages payable Total current liabilities $34.400 6,200 $40,600 $18,400 7,300 $25,700 Prepare Tamarisk's statement of cash flows for the year ended December 31, 2022 using the indirect method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.g. (15,000).) TAMARISK CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flow From Operating Activities Net Income Adjustments to reconcile net income to S $
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