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Concord Corporation's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020

Concord Corporation's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below.

December 31,
2021 2020
Assets
Cash $ 438000 $ 199000
Short-term investments 598000
Accounts receivable (net) 1030000 1030000
Inventory 1390000 1180000
Long-term investments 401000 598000
Plant assets 3390000 2000000
Accumulated depreciation (901000) (901000)
Patent 178000 201000
Total assets

$6524000

$4307000

Liabilities and Stockholders' Equity
Accounts payable and accrued liabilities $1660000 $1460000
Notes payable (nontrade) 578000
Common stock, $10 par 1610000 1380000
Additional paid-in capital 800000 499000
Retained earnings 1876000 968000
Total liabilities and stockholders' equity

$6524000

$4307000

Information relating to 2021 activities: Net income for 2021 was $1510000. Cash dividends of $602000 were declared and paid in 2021. Equipment costing $980000 and having a carrying amount of $320000 was sold in 2021 for $360000. A long-term investment was sold in 2021 for $320000. There were no other transactions affecting long-term investments in 2021. 23000 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Concords 2021 financing activities was

$1755000.

$551000.

$591000.

$1153000.

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