Concord Corporation's comparative balance sheets are presented below. CONCORD CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14,600 $10,300 Accounts receivable 21,600 23,900 Land 20,500 25,900 70,200 70,200 Buildings Accumulated depreciation-buildings (14,500) (10,800) Total $112,400 $119,500 $12.000 $28,200 Accounts payable Common stock 74,000 69,400 Retained earnings 26,400 21,900 Total $112,400 $119,500 Additional information: 1. 2. Net income was $22,900. Dividends declared and paid were $18,400. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4.700. 3. CONCORD CORPORATI Statement of Cash Flows - Indirect Method $ Adjustments to reconcile net income to $