Concord Mining Co$.$ has recently decided to go public and has hired you as an independent CPA. One Statement that the enterprise is anxious to have prepared is a statement of cash flow. Comparative Balance Sheets $12/31/2512/31/24$ Cash $$408000$ $$193000$ Accounts receivable $360000216000$ Inventory $386000482000$ Property, plant, and equipment $$608000$ $$961000$ Less accumulated depreciation $(319000)289000(305000)656000$ $$1443000$ $$1547000$ Accounts Payable $$177000$ $$98000$ Income taxes payable $352000391000$ Bonds payable $361000600000$ Common stock $214000$ Retained earnings $339000244000$ $$1443000$ $$1547000$ Income Statement For the year ended December $31,2025$ Sales revenue $$8420000$ Cost of sales $7150000$ Gross profit $1270000$ Selling expenses $$401000$ Administrative expenses $191000592000$ Income from operations $678000$ Interest expense $72000$ Income before taxes $606000$ Income taxes $295000$ Net income $$311000$ The following additional data were provided: $1.$ Dividends for the year $2025$ were $$216000.2.$ During the year, equipment was sold for $$239000.$ This equipment cost $$352000$ originally and had a book value of $$289000$ at the time of sale. The loss on sale was incorrectly charged to cost of sales. $3.$ All depreciation expense is in the selling expense category. The net cash is provided by operating activities is $311000391000323000334000$