Concord Corporation had the following 2025 income statement. Revenues Expenses $109,000 65,000 Net income $44,000 In 2025, Concord had the following activity in selected accounts. Accounts Receivable 1/1/25 19,000 Revenues 109,000 Write-offs 900 Collections 95,000 12/31/25 32,100 Allowance for Doubtful Accounts 1/1/25 1,100 Write-offs 900 Bad debt expense 1,700 12/31/25 1,900 (a) Prepare Concord's cash flows from operating activities section of the statement of cash flows using the direct method. CONCORD CORPORATION Statement of Cash Flows-Direct Method (Partial)