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Concord Company reported net income of $268,400 for 2020 . Concord also reported depreciation expense of $46,700 and a loss of $9,700 on the sale

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Concord Company reported net income of $268,400 for 2020 . Concord also reported depreciation expense of $46,700 and a loss of $9,700 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $16,700 for the year, a $18,700 increase in accounts payable, and a $7.700 decrease in prepaidexpenses. Prepare the operating activities section of the statement of cash flows for 2020 Use the indirect method. (Show amounts that decrease cash fiow with either a sign es. 15,000 or in porenthesis s. (15,000) Partial Statement of Cash Flows Cash flows from operating activities Adjustments to reconcile net income to Concord Company reported net income of $268,400 for 2020 . Concord also reported depreciation expense of $46,700 and a loss of $9,700 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $16,700 for the year, a $18,700 increase in accounts payable, and a $7.700 decrease in prepaidexpenses. Prepare the operating activities section of the statement of cash flows for 2020 Use the indirect method. (Show amounts that decrease cash fiow with either a sign es. 15,000 or in porenthesis s. (15,000) Partial Statement of Cash Flows Cash flows from operating activities Adjustments to reconcile net income to

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