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Concord Corporation's income statement contained the following condensed information. Concord Corporation Income Statement For the Year Ended December 31, 2019 Service revenue $970,300 Operating expenses,

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Concord Corporation's income statement contained the following condensed information. Concord Corporation Income Statement For the Year Ended December 31, 2019 Service revenue $970,300 Operating expenses, excluding depreciation $624,700 Depreciation expense 54,500 Loss on disposal of plant assets 25,400 704,600 Income before income taxes 265.700 Income tax expense 39.100 Net income $226,600 Concord's balance sheets contained the comparative data at December 31 shown below. Accounts receivable Accounts payable Income taxes payable 2019 2018 $75,100 $59.900 41,600 28.100 13,800 6.800 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flo Concord Corporation Partial Statement of Cash Flows Adjustments to reconcile net income to

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