Condensed financial data of Concord Corporation follow Concord Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventoryy Prepaid expenses Investments Equipment 2019 2018 $107,600 $47,800 91,900 33,100 111,900 102,100 29,400 25,900 139,800 113,700 264,100 241,800 Accumulated depreciation-equipment 47,700) (51,000) $697,000 $513,400 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $111,400 $67,400 16,500 17,200 117,100 149,500 219,000 175,100 233,000 104,200 $697,000 $513,400 Total Concord Corporation Income Statement For the Year Ended December 31, 2019 Sales revenue $391,500 Less $135,600 12,500 34,900 27,400 4,800 Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets Net income 7,500 222,700 $168,800 Additional information . New equipment costing $80,600 was purchased for cash during the year 2. Old equipment having an original cost of $58,300 was sold for $12,600 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $40,000 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either asign e g -15 000 or n parent esise. g (1,00. ) Concord Corporation Statement of Cash Flows Adjustments to reconcile net income to