CONCORD CORPORATION Statement of Financial Position December 31 December 31 Assets 2023 2022 Cash $52,500 $14,400 Accounts receivable 89,400 87,600 Equipment 26.500 21.100 Less: Accumulated depreciation (9,900) (11.800) Total $158,500 $111,300 Liabilities and Shareholders' Equity Accounts payable $19,600 $15,500 Common shares 100,000 79,600 Retained earnings 38,900 16,200 Total $158,500 $111,300 Net income of $36,100 was reported and dividends of $13,400 were declared and paid in 2023. New equipment was purchased, and equipment with a carrying value of $4,600 (cost of $11.800 and accumulated depreciation of $7,200) was sold for $8,200. Prepare a statement of cash flows using the indirect method for cash flows from operating activities. Assume that Concord prepares financial statements in accordance with ASPE. (Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis es (15,000)) CONCORD CORPORATION Statement of Cash Flows Adjustments to reconcile net income to net cash provided by operating activities: Question 5 of 6 < > Adjustments to reconcile net income to net cash provided by operating activities > < -/10 13 s > > >