Answer:
Please see the Statement of Cash Flow for Tamarisk Company as of December 31, 2022 below:
Explanation:
Tamarisk Company
Statement of Cash Flow
As of December 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 73,600
<em>Adjustments to reconcile net income to
</em>
<em>net cash provided by operating activities:
</em>
Depreciation on Fixed Assets 40,250
<em>(Increase) Decrease in Current Assets:
</em>
Accounts Receivables (13,800)
Merchandise Inventory (18,400)
<em>Increase (Decrease) in Current Liabilities: </em>
Accounts Payable 9,200
Income taxes payable (2,300)
NET CASH PROVIDED BY OPERATING ACTIVITIES 88,550
CASH FLOWS FROM INVESTING ACTIVITIES
Sale of Equipment 19,550
NET CASH USED IN INVESTING ACTIVITIES 19,550
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of Cash Dividends (46,000)
Issuance of Common Stock 9,200
Bonds Payable (36,800)
NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES (73,600)
NET INCREASE (DECREASE) IN CASH 34,500
<em>Cash Balance, December 31 2016 46,000 </em>
<em>Cash Balance, December 31 2017 80,500 </em>
