CONCORD INC. BALANCE SHEET DECEMBER 31, 2019 Viewing 1 Accounting Cash $8,400 Current liabilities $15,000 Questio Current assets other than cash 29,200 Long-term notes payable 25,500 Accounting Equity invesments 20,100 Bonds payable 25,000 Plant assets (net) 67,100 Common stock 75,000 Questio Accounting Land 39,900 Retained earnings 24,200 $164,700 $164,700 Questio Accounting During 2020, the following occurred. 1. A tract of land was purchased for $9,100. 2. Bonds payable in the amount of $15,000 were redeemed at par. 3. An additional $10,000 in common stock was issued at par. 4. Dividends totaling $9,400 were paid to stockholders. 5. Net income was $30,000 after allowing depreciation of $13,600. 6. Land was purchased through the issuance of $22,500 in bonds. 7. Concord Inc. sold part of its investment portfolio for $13,000. This transaction resulted in a gain of $2,000 for the company. No unrealized gains or losses were recorded on these investments in 2020. 8. Both current assets (other than cash) and current liabilities remained at the same amount. (a) Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - Questio Accounting