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Condensed financial data of Concord Inc. follow. CONCORD INC. Comparative Balance Sheets December 31 2022 2021 Assets Cash $ 80.500 $ 48,700 87.900 38.600 Accounts

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Condensed financial data of Concord Inc. follow. CONCORD INC. Comparative Balance Sheets December 31 2022 2021 Assets Cash $ 80.500 $ 48,700 87.900 38.600 Accounts receivable Inventory 111.900 102,100 29.400 27.900 Prepaid expenses 139.800 113,700 Long-term investments 284,200 241,900 Plant assets Accumulated depreciation (47,700) (49.100) Total $686.000 $ 523,800 Liabilities and Stockholders' Equity $ 63,700 Accounts payable $106.000 16.500 21,200 Accrued expenses payable 117.100 149.500 Bonds payable 219.000 175,100 Common stock 227.400 114,300 Retained earnings $ 686,000 $ 523,800 Total Question 10 of 11 CONCORD INC. Income Statement For the Year Ended December 31, 2022 $382.500 Sales revenue Less Cost of goods sold Operating expenses, excluding depreciation $135,600 12.500 48,100 Depreciation expense 27.400 Income tax expense 4800 Interest expense Loss on disposal of plant assets 7.100 235.500 $147.000 Net income Additional Information 1 2 3 New plant assets costing $ 100,200 were purchased for cash during the year Old plant assets having an original cost of $ 57.900 and accumulated depreciation of $49.500 were sold for $1.300 cash. Bonds payable matured and were paid off at face value for cash. Acash dividend of $33.900 was declared and paid during the year Common stock was issued at par for cash. There were no significant noncash transactions. 4 5 6 Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a-signes -15.000 or parenthesis es (15,000 CONCORD INC. Statement of Cash Flows g e O Ech Prepare a statement of cash flows using the indirect method. (Show amounts that decrease conth flow with either a signes -15.000 or in parenthesises. (15.000) CONCORD INC. Statement of Cash Hows Adjustments to reconcle net income to > > > V > >

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