An examination of the balance sheet accounts of Concord, Inc. from last year to this year revealed the following: Example: 0. Net income for the year, $212,000. (See answer sheet.) 4. 1. Increase in inventories, $7,000. 2. Sold investments in stock, receiving cash of $38,000. Payments of cash dividends, $20,000. Depreciation expense for the year, $42,700. 5. Purchases of equipment for cash, $61,900. 6. Amortization of intangible assets for the year, $4,200. 7. Proceeds from sale of treasury stock, $35,300. 8. Disposed fully depreciated equipment originally costing $3,400. 9. Increase in accounts payable, $ 4,500. 10. Cash proceeds from issuance of long-term note payable, $50,000. Required: Using the codes given below, select the choice that indicates where each of the preceding items would appear on Concord's statement of cash flows and place its letter designation in the space provided on the separate answer sheet. Concord, Inc. prepares its statement of cash flows using the indirect approach for operating activities. Code Description Addition to cash flows from operating activities. Deduction from cash flows from operating activities. Addition to cash flows from investing activities. Deduction from cash flows from investing activities. Addition to cash flows from financing activities. Deduction from cash flows from financing activities. Not presented in the body of the statement of cash flows.