CONCORD COMPANY Income Statement For the Year Ended December 31, 2022 , Service revenue $ 970,400 Operating expenses, excluding depreciation $ 624,100 Depreciation expense 55,400 Loss on disposal of plant assets 25,200 704,700 Income before income taxes 265,700 Income tax expense 39,100 Net income $ 226,600 Concord's balance sheets contained the comparative data at December 31, shown be 2022 2021 Accounts receivable $75,200 $ 59,800 Accounts payable 40,400 28,900 13,000 6,400 Income taxes payable O 265,700 Income before income taxes Income tax expense Net income 39.100 $ 226,600 Concord's balance sheets contained the comparative data at December 31, shown below. 2022 2021 $ 75,200 $ 59,800 Accounts receivable Accounts payable Income taxes payable 40,400 28.900 6,400 13,000 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the direct method(Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis es (15,000).) CONCORD COMPANY Partial Statement of Cash Flows arch O 77F Sunny Question 5 of 5 -/1 in Prepare the operating activities section of the statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis e.3. (15,000).) CONCORD COMPANY Partial Statement of Cash Flows cash payments: e Textbook and Media Save for Later Attempts: 0 of 5 used Submit