The following information is available for Tamarisk, Inc. for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 22,800 5,415 38,950 4,560 2,945 54,340 98,800 36,100 3,705 76,950 62,700 152,000 Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income $ 54340 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 38950 Decrease in Accounts Receivable 5415 Decrease in Inventory 4560 Decrease in Accounts Payable 2945 Decrease in Income Taxes Payable (3705) 48165 Net Cash Provided by Operating Activities 102505 Cash Flows from Investing Activities Sale of Land 98800 Purchase of Land (76950) Net Cash Provided by Investing Activities 21850 Cash Flows from Financing Activities Issuance of Stock 152000 Redemption of Bonds (62700) Payment of Dividend (36100) Net Cash Provided by Financing Activities 53200 Net Increase in Cash 177555 Cash at Beginning of Period 22800 Cash at End of Period $ 200355