Condensed financial data of Concord Corporation follow. Additional information: 1. New plant assets costing $80,600 were purchased for cash during the year. 2. Old plant assets having an original cost of $48,300 and accumulated depreciation of $38,200 were sold for $2,600 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $30,000 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Concord Corporation Statement of Cash Flows - Indirect Method Cash Flows from Operating Activities Net Income $ 168,800 Adjustments to reconcile net income to Net Cash Provided by Operating Activities $ Cash Payments for Income Taxes Cash Payments for Interest Cash Payments for Operating Expenses Cash Payments to Suppliers Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Accrued Expenses Payable Decrease in Inventory Decrease in Prepaid Expenses Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Accrued Expenses Payable Increase in Inventory Increase in Prepaid Expenses Issuance of Bonds Issuance of Common Stock Loss on Disposal of Plant Assets Net Income Payment of Cash Dividends Purchase of Investments Purchase of Plant Assets Redemption of Bonds Redemption of Common Stock Sale of Investments Sale of Plant Assets eTextbook and Media