. 1 Normal No Spac... Heading 1 Heading 2 T Styles The comparative balance sheets for Concord Corporation as of December 31 are presented below. Concord Corporation Comparative Balance Sheets December 31 Assets 2017 Cash $ 86,768 Accounts receivable 63,800 Inventory 193,250 Prepaid expenses 19,497 Land 185,020 Buildings 255,200 Accumulated depreciation--buildings (76,560 ) Equipment 287,100 Accumulated depreciation-equipment (57,420) Total $956,655 2016 $57,420 74,008 181,192 26,796 165,880 255,200 (51,040 ) 197,780 (44,660 ) $862,576 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained earnings Total $ 57,075 382,800 255,200 261,580 $956,655 $ 45,936 382,800 204,160 229,680 $862,576 Paragraph Styles Total $956,655 $862,576 Additional information: 1. Operating expenses include depreciation expense of $53,592. 2. Land was sold for cash at book value. 3. Cash dividends of $15,312 were paid. 4. Net income for 2017 was $47,212. 5. Equipment was purchased for $117,392 cash. In addition, equipment costing $28,072 with a book value of $12,760 was sold for $10,208 cash. 51,040 shares of $1 par value common stock were issued in exchange for land with a fair value of $51,040. Prepare a statement of cash flows for the year ended December 31, 2017, 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).) Concord Corporation Statement of Cash Flows 100se the accounting period Select an opening name for section one Display Concord Corporation Entrar Bar A to recent income to Select an opening name for section Strantem Enter a total amount for section Enter a total amount for three Entrador amount Select a diname for three sections of the previous Select an opening name for section four E r otal amount for section Display Settings