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103 Final Question 10 of 18 < View Policies Current Attempt in Progress The current sections of Concord Inc.'s balance sheets at December 31,
103 Final Question 10 of 18 < View Policies Current Attempt in Progress The current sections of Concord Inc.'s balance sheets at December 31, 2019 and 2020, are presented here. Concord's net income for 2020 was $205,000. Depreciation expense was $29,000. 2020 2019 Current assets Cash $117,000 $101,000 Accounts receivable 109,000 91,000 Inventory 156,000 176,000 Prepaid expense 31,000 23,000 Total current assets $413,000 $391.000 Current liabilities Accrued expenses payable $19,000 $7,000 Accounts payable 87,000 97,000 Total current liabilities $106,000 $104,000 -/10 Prepare the net cash provided by operating activities section of the company's statement of cash flows for the year ended D 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in par e.g. (15,000).)
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